Las Vegas Real Estate Market Report for October 2010 - Here are some highlights and interesting stats:

• Median existing home prices slid to just $113,000, the lowest since 1994.  
  
• Seven out of ten (70%) existing home sales are classified as distressed (Auction, REO, or Short Sale).
  
• Almost four out of five (78%) of the homes sold through the MLS system were vacant, and 44% sold for cash. (Add those sold for cash at auction, which are not included in the MLS stats, and approximately 59% were sold for cash).
• In October, foreclosures increased 10.1% over September to 2,196, but were 5% below last October.
  Source:  www.Salestraq.com and Marketing Solutions

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