Vegas housing market on the mend?

Southern Nevada real estate market has been battling a bad headache for a decent while and weary industry experts are wondering when it might right itself. There are some positive signs now that the slide may be slowing down, and maybe even coming to a halt. Wouldn't that be something to cheer about?

Here is the proof. The MLS administered by the Greater Las Vegas Association of Realtors, or GLVAR, reports that the amount of homes for resale grew only 1.1% in August to 24,341. This is the smallest monthly uptick all year and it's a good reason to some optimism.

Moreover, in the same release the median home price improved 1.7% to $299,900. Another positive sign toward a better future in the housing market. However, it still is 3.9% less than in August of last year, so let's keep our feet firmly to the ground. That's always a good policy.

Buyer's market does continue to dominate the scene here in the valley, but it appears that soon it'll come to an end. Those who are sitting on the fence, this might be time time to take the plunge and purchase the house you've thought about doing over the last several months. Not only that, but mortgage interest rates are still attractive, too. Double benefit to the buyer.