Las Vegas resale stats all over the map for April

If the median price of a single-family house is used as a sole indicator for the health of a real estate market, then Sin City would be hailed as being on the mend. According to GLVAR, or Greater Las Vegas Association of Realtors, Southern Nevada's median price grew to $142,000 in April, a strong 4.4% improvement from March. Not only that, it also is 0.2% higher from the same month last year, for the first time the year-over-year number is positive since 2007. Single-family house prices peaked in Las Vegas in February of 2007 at $310,000. The slide without a doubt has been blood-thinning.

That, however, is only part of the monthly housing picture here in Southern Nevada.

Single-family house sales tallied up 2,951 units in April, a surprising decline of 224 closings from March. Adding to the weakness in this category is the fact that it's also a 7.7% setback from last year. March showed solid strength and it was widely believed in Las Vegas real estate circles April would follow along those lines, supported by inexpensive mortgage money. But that didn't happen. Puzzlement is painted across faces of everyone who has a stake in the local housing market.

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