Despite continued improvements, 39.6% borrowers mortgage debt continues to outweigh their Las Vegas home value — down from 63 percent a year ago, according to Zillow.
At the peak in early 2012, 71 percent of local Las Vegas mortgaged borrowers were underwater.
Currently, the Clark County single family FHA loan limit is $400,000.
Current Median Sale Price $159,000
MLS said, in July 2005, near the peak of Clark County's pre-recession home construction frenzy, there were 917 closed sales of new and used homes. That report contained strong indicators that the overall market definitely favored sellers over buyers. The median sales price in July 2005 was $221,000, up almost 19 percent from the prior year's median in July of $186,000