Smith, Hubble
November 2008
Las Vegas Business Press (10712186);11/24/2008, Vol. 25 Issue 47, pP20
The article discusses the report from the Greater Las Vegas Association of Realtors that the number of homes available for sale in Las Vegas, Nevada has receded in October 2008 compared to the peak in 2007, and that monthly closings have nearly tripled. It states that the 2008 inventory is down to 22,929 compared to 24,341 in September 2007. According to Patty Kelly, president of the association, this statistics is not surprising as the trends in local housing are increased sales and decreased prices.


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