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Las Vegas Median Price to June 15 2010

This is a report analyzing the median price history of the Las Vegas market from January 2005 thruough June 2010.

As you can see, the market has gained $8,096 since market bottom in January 2010. The time that has passed is 165 days from bottom. That’s a gain of $50 per day on the median price scale.

From the peak at $324,000 to the bottom at $132,632, a total of $191,368 in equity was lost by property owners.

At the current rate of equity gain, it would take a little over 10 years to recover the lost equity.

In terms of median price, the market should be interpreted as holding at the current levels with a slight positive propensity.