Las Vegas and Henderson Homes and Real Estate

The S&P / Case-Shiller Home Price Indices for January 2010 were release today, and the report showed that both the 10 and the 20 city Price Index have increased for the 8th consecutive month in a row.  This has not happened since the spring of 2006, which was four years ago.  Additionally, both indexes have reach their highest level in 12 months.

Based on this data, and by analysis from Professor Mark J. Perry on Benzinga.com, nationwide, "home sales bottomed in January 2009, and have been on an upward trend for the last 12 months. The Case-Shiller Composite Home Price Indexes both reached a bottom in May 2009, and have now increased for eight straight months."

Here in Las Vegas, although our home prices have yet to show signs of increasing, month-to-month home sales are as high as they have ever been, and our inventory of available homes has dropped each month.  This means that each month we are absorbing more and more of the distressed homes in the market, and should soon join the nation with a housing recovery.

Below is the chart released by the S&P / Case-Shiller Home Price Indices today.

If you are interested in Henderson, Green Valley Ranch, MacDonald Highlands, North Las Vegas, or Summerlin Real Estate, contact us today!

Michelle Natale
Natale Team
Prudential Americana Group

www.natalesellsvegas.com