New Report Shows That Existing Home Sales Are Down In Vegas

According to reports released by Susquehanna Financial Group home building analyst Stephen East the U.S. median selling price in August $225,000. This number is down by almost 2 percent from this time last year.

The report also notes that existing home sales were down by nearly 13 percent from a year ago. Last year by the month of August there were over 6 million sold.

According to East, the new home median is roughly 10 percent higher than the resale median. One could expect the resale median to increase.