Condo and Townhome Sales Up More Than 200 Percent in Las Vegas

Well I guess we can be thankful that things are selling in Vegas. But as sales skyrocket, prices continue the downward spiral that shows no sign of pulling up.

According to The Greater Las Vegas Association of Realtors, the number of homes that sold in March of this year was more than double the number sold in March of 2008. And sales of condos and townhome soared more than 200 percent during that same year-over-year period.

But like we said, the sales numbers are the good news. The price of the sales is another story altogether. The current median price of a single family home has fallen nearly 39-percent from March of 2008. That is the lowest median sales price since 2001. And the median price of condos and townhomes is even worse falling more than 56-percent from March of last year.

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