It?s not something we?re accustomed to here in Las Vegas ? a slipping median home price.

But according to the Greater Las Vegas Association of Realtors, the median home price continues its downward trend for the second straight month.

We finished 2005 with a median home price of $312,500. January concluded at $310,000 and last month came in at $309,000.

Perhaps the market is softening, but February?s numbers are still up 8% from the same month last year.

I wouldn?t claim ?recession? just yet.

Maybe us Vegans will just have to get used to single-digit appreciation instead of the 40% climb we witnessed in 2004 and 20% increase in 2005. Life?s rough.