Existing-home sales rebound locally

Smith, Hubble
September 2008
Las Vegas Business Press (10712186);9/29/2008, Vol. 25 Issue 39, p14
The article focuses on a Home Builders Research which reported that after falling 40% in 2007, sales of existing homes in Las Vegas, Nevada have rebounded with 18,720 recorded closings through August 2008, down just 2% a year ago. Resales during the month reached 3,000 while the median resale price dropped to $200,000, down $10,000 from the previous month and down $75,000 or 27% from a year ago. Foreclosures continue to drive prices lower.


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