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  • A Look At Local Housing Data [Housing Tracker] [View article]
    Hi Judy,

    I did some research on the Las Vegas market, and in mid-2003 the median home price was $177,100. By mid-2004, that number was up 52% to $269,000. And as they say in horse racing, "And, they're off!!"

    A number of factors combined to push the median up so fast--a 1.7 months supply of new homes, 6,000-7,000 new in-migrants a month, and explosive employment growth with the second wave of mega-resorts (Treasure Island, Excalibur).

    I wouldn't be surprised if the Vegas market falls to that level again.
    Sep 02 14:03 pm |Rating: 0 0
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