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Report: Vegas Home Prices Lowest Since 2000

Median Price Now $144,000

POSTED: 10:37 am PDT April 29, 2009
UPDATED: 10:53 am PDT April 29, 2009

Home prices in the Las Vegas valley continue to fall to depths not seen since the beginning of the decade.

That’s according to a report in Bloomberg, which said the continued surge in foreclosures pushed the median home price to $144,000 last month. That’s the lowest median since December 2000.

The same report found nearly 74 percent of sales in March were homes that had been foreclosed in the last 12 months.

There are signs the housing market may be on the upswing, because the falling prices have led to a 29 percent boost in sales from February.

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