A slow housing market could spell a collapse
— Staff Writer
Las Vegas housing prices have not been rising of late, putting some real estate agents and investors on edge. Although the number are not too alarming, it is thought some people have postponed listing their properties.
The market is cyclical, and highs are always followed by lows. No one can say whether this depression will be anything like the collapse of the last decade.
There is good news, however. The average price of the median home has increased by 3.8 percent to $300,000 from last April. This could be indicative of a shift in consumer demand, which might well drive new construction.
But it was the smallest increase observed in many years, creating some debate.