Vegas continues to be an anomaly when it comes to real estate.

The number of single family homes on the market is 27% higher than it was at the end of February 2005 and there are 50% more condos for sale compared to a year ago.

About half of the inventory is selling about every 100 days. Most Las Vegas home owners are remaining firm on their asking price and willing to ride out the time it takes to find a buyer.

Even bank-owned and corporate housing prices have remained steady instead of following the typical law of supply and demand logic which suggests reduced pricing.

This means home bargains are particularly difficult to find.

Sellers who want to move their property faster than the predicted 100 to 120 days will need to reduce their asking price to create a deal too good to pass up.

Buyers searching for great deals should have their financing in place so when they do find the right place they can snatch it up quickly.