Vegas housing woes continue.

The stats are in for March from GLVAR and they are heading in the wrong direction. Single-family house inventory rises to over 21,000 on the MLS, 8.4% increase from February. Sales of single-family homes tumble 36% from a year ago. Even the median price of a house declines, although only by 3.2%. All across the board the news are less than stellar. Not depressing, but could be better.

The real estate market is approaching its bottom, says one developer. He cautions that the buyer refuses to enter the market until he's certain that prices cannot go any lower and should start heading up. How can the seller make a difference now?