Las Vegas Home Sales Continue to Fall

Despite a stabalization of median home prices in Las Vegas, NV - home sales have dropped significantly from the same period in 2009. The chart below shows the trends for Median Home Price and Home Sales from November 2008 through October 2010:

Is there any relief in sight? We will continue to monitor this area in the coming months. Check our blog after the 1st of the year.

Fairfax County Median Home Price Dips

After some positive signs of home sales prices rising in Fairfax County, VA during the summer months - things seem to be slumping again. See the chart below:

After reaching a recent high in June, we have seen a steady monthly decline since that time. Is this just a seasonal adjustment as sales have slowed in the Fall or a trend? This bears watching in the coming months.