Excluding distressed sales, home prices nationwide increased on a year-over-year basis by 4.9 percent in August 2012 compared to August 2011. On a month-over-month basis excluding distressed sales, home prices increased 1 percent in August 2012 compared to July 2012, also the sixth consecutive month-over-month increase. Distressed sales include short sales and real estate owned (REO) transactions. ? ? ? ?THE median sales price for homes in Las Vegas NV for Jun 12 to Aug 12 was $128,000 based on 9,618 home sales. Compared to the same period one year ago, the median home?sales price increased 11.3%, or $13,000, and the number of home sales decreased 42.1%
States that lost the most value during the decline from April 2006 to August 2012 were Nevada (-54.7 percent), Florida (-44.3 percent), Arizona (-42.0 percent), California (-37.7 percent) and Michigan (-36.5 percent). Among the top states with the highest home price appreciation are: Arizona (+18.2 percent), Nevada (+9.0 percent), Florida (6.9 percent) and California (5.5 percent?http://tiny.cc/aottlw
David Cooper, Las Vegas Investor for 35 Years. 702-499-7037
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