The numbers continued to worsen for the Las Vegas housing market in February as sales of new homes plunged nearly 40 percent to 867 and their median price dropped 11.8 percent to $283,315, Las Vegas-based research firm SalesTraq reported Tuesday.

Existing-home escrow closings fell 59.7 percent from a year ago to 901 and the median price is down 13.2 percent to $250,000.

Again, the number of foreclosures during the month exceeded the total for both new- and existing-home sales, SalesTraq President Larry Murphy noted. The 1,870 repossessed homes represent a 353 percent increase from 413 in the same month a year ago.

"We're still sliding along on the bottom here," Murphy said.