S&P: Las Vegas home prices end eight-month losing streak
S&P: Las Vegas home prices end eight-month losing streak S&P: Las Vegas home prices end eight-month losing streak By Steve Green Tuesday 30 August 2011 8:17 a.m. Las Vegas-area home prices rose for the first time in nine months in June, according to the widely-watched Standard & Poor’s Case-Shiller Home Price Indices released today. Las Vegas prices rose 0.1 percent on a non-seasonally adjusted basis, which is the "headline'' basis used by S&P. But they were down 0.4 percent on a seasonally-adjusted basis, S&P said. The non-seasonal increase compared to a decline of 0.9 percent in May. Today’s numbers compare to a report by Las Vegas-based SalesTraq that found the median sales price of existing homes and condominiums locally was $105,000 in July, down about 1 percent from $106,000 in June. The meager non-seasonal gain in June for Las Vegas couldn’t mask the still-depressed state of the Southern Nevada real estate market, with prices down 6 perce...