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| Las Vegas Houses for Sale > Henderson Nevada Real Estate |
Henderson, Nevada Real
Estate - Homes and Median Prices
The Truth Behind Prices of
Realestate - Henderson, Nevada
Diana Wellman and Brendan Caliver had been in the house hunt game long enough to know one thing about Henderson, Nevada real estate. Homes for sale aren't all at the median price. Even though median price is what the newspapers and magazines all use to show where the Las Vegas real estate markets stand.
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"I'd say median prices at times means little actually to Henderson, NV realestate pricing," Brendan said. "Yet newspapers and magazines insist on using median price movement as the basis for their reporting. Like it's the Gospel or something!" "Problem is if the market slows and more lower priced houses start selling than before, then the median price of realestate in Henderson, NV or Green Valley will fall. Giving one the impression overall prices are falling. Which may or may not be true." |
Caliver added, "While on the other hand if more upscale homes are being sold, the opposite will happen to the median price. It will be going up. Leading to reports that home prices are on the move."
To get an accurate number you need compare sales of similar type homes. Ask your realtor to show you trends for the specific types of houses you're looking for. Letting you all but ignore the median price of Henderson, Nevada real estate homes for sale.
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