Las Vegas Sellers Are Cutting Prices. Is the Market Finally Tilting Toward Buyers?

Something is changing in Las Vegas real estate. It is not a crash. It is not 2008. But sellers are receiving a message from buyers that is becoming increasingly difficult to ignore: The price matters again. Las Vegas Realtors reported that the median price of an existing single family home sold in Southern Nevada during August was $475,000, down 1 percent from $480,000 one year earlier. More importantly, prices have retreated from the $490,000 record reached in May and June.…

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