Home sellers in the Las Vegas Valley used to double-digit appreciation rates on their homes may have to wait longer or even accept sub-par offers this year as a record number of resale houses were on the market in April, real estate agents said.

There were a record 18,467 resale houses and another 4,000 new homes up for sale. In addition, another 6,000 condominiums are - or will soon be - available after being converted from apartments.

According to some, that means buyers in this market are now in the driver's seat.

Resale houses are taking longer to sell - up to three or four months, compared to two weeks or less when the market was hot several years ago.

Find out more about the Las Vegas real estate market at http://www.lasvegassun.com/sunbin/stories/nevada/2006/may/21/052110745.html.