Las Vegas, Nevada, has seen its population boom in the last decade, with thousands of new residents putting down stakes each quarter.
But like much of the nation, the real estate market is cooling, as economic worries and reports of declining prices in nearby California darken real estate's mood.
Local real estate expert, Roosevelt Mompremier, notes for this month, "Over the past year or so, appreciation had cooled, days-on-market had expanded to all-time high. Listings are being repriced three to four times before selling -- all in favor of buyers." And buyers can expect that average price to be around $300,000.
He goes on to note that a balance should return between supply and demand in 2008.
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Published: October 18, 2007
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