This week in the Las Vegas Review Journal the Headline said,
'Las Vegas Median Home Prices 'Slowing down' this Summer'
I also found a Headline from California and Washington State
both with similar comments about their local Real Estate Markets.
So what is happening ? Is the market turning ? I wish I knew !!!
On the Graph below, you can easily see that in the past 2 years,
there has been a seasonal trend that starts in August and ends in April.
We wont know if this is a Seasonal Trend or a Cool Down until next April.
FYI... of the approx 11,360 Homes on the Market,
1,450 or 12% are Tenant Occupied and 5,225 or 45% are Vacant.