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Las Vegas Home Prices Fall For The First Time Since The Great Recession

Las Vegas home prices fell last month, the first drop since the Great Recession.

Prices were down 0.2-percent in April, with a median price of about $280,000, according to new figures from real estate company Zillow.

The slight decline came after 76 straight monthly increases that saw the value of many homes double.

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Skylar Olsen, Zillow’s director of economic research, helped prepare the report and says it’s too early to say if April’s price decline is a bump in the road or the beginning of a sustained downturn.