A television station in Las Vegas has this news. "Fewer homes are moving off the market here in Las Vegas and those that are selling are going for less. According to the Greater Las Vegas Association of Realtors, an average single family home went for $310,000 in January, a slight decline from December."

"For condos and townhouses, the average selling price was around $196,000. That too was down about four percent from December."

"From December to January, about 25 percent fewer homes and condos sold. However, the number of homes listed for sale increased significantly during that time."

"Realtors say despite this trend of Vegas becoming a buyer's market, the Valley remains strong and stable with housing prices still appreciating at a healthy annual rate."

The business press has this. "Signature Homes, in a unique twist, is developing a new residential subdivision for rent near downtown, marking a major departure from the long-established industry practice of building to sell."

"Homebuilders typically want to sell units as soon as possible in order to recoup expenses and realize profits, but Signature Homes is building the 92-unit subdivision as an experiment in rental housing."

"The development, when it went for city approval, was going to be a single-family detached-home subdivision for sale. 'We worked on that project before it was developed,' said Las Vegas City Councilman Lawrence Weekly, who represents Ward 5. 'For the developer to come in and lower the boom on us like that, it just really, really disappointed me.'"

And a reader sent in this Las Vegas data.