Stumping local experts, Las Vegas region home sales fell sharply in October as the weak economy, job security concerns and the hangover from the homebuyer tax credit took their toll.
A total of 3,961 new and resale houses and condos sold in the Las Vegas metro area in October, down 7.4% from September and down 21.8% from a year earlier.
“Vegas real estate can’t keep going down”, said one local real estate expert, “I’ve never heard of such a thing as a decline in real estate values. This isn’t hapening, this isn’t real, this is a dream.”
2 thoughts on “Alert: Vegas real estate goes down”
Funny quote. It looks like that real estate “professional” needs a bit of a REALity check or he will cease to be receiving checks from his chosen profession.