TITLE

LOCAL HOME SALE INVENTORY SHRINKS; SALES SURGE

AUTHOR(S)
Smith, Hubble
PUB. DATE
November 2008
SOURCE
Las Vegas Business Press (10712186);11/24/2008, Vol. 25 Issue 47, pP20
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
35620055

 

Related Articles

  • LAS VEGAS HOME SALES SOAR IN NOVEMBER. Smith, Hubble // Las Vegas Business Press (10712186);12/22/2008, Vol. 25 Issue 51, p18 

    The article reports that home sales went up and inventory was reduced in Las Vegas, Nevada in November 2008. It was said that prices continue to drop but the rate of decline has been observed to be under 3%. The Greater Las Vegas Association of Realtors reported a double in sales in November...

  • Home sales up 5% in a year.  // Buffalo Law Journal;10/27/2005, Vol. 77 Issue 86, p15 

    Reports on increase in sales of single-family housing in New York according to the Buffalo Niagara Association of Realtor in September 2005. Number of single-family property transactions; Decrease in the price of houses; Worth of sales volume.

  • Ohio housing market continues to recover.  // Toledo Business Journal;Mar2013, Vol. 29 Issue 3, p28 

    The article focuses on the findings of the survey conducted by the Ohio Association of Realtors (OAR) related to the condition of the housing market of Ohio in 2012. It showed that sales activity in Ohio's housing market increased by 12.7 percent in 2012 and reveals rise in the average sale...

  • Sales and Median Prices Up in July.  // Maine Community Banker;2007 3rd Quarter, p12 

    The article reports on the 2007 median sales price of the National Association of Realtors. Northeastern U.S. decreased by 2.9 percent in July 2007 while the regional median sales price increased by 5.9 percent totaling $290,900. Co-owner of deRochemont Realtors LLC in Rockland John Bragg says...

  • April Existing Home Sales Down 1.0% to 4.89M Rate. Siegel, Gary E. // Bond Buyer;5/27/2008, Vol. 364 Issue 32886, p2 

    The article reports on the decreased rate of home sales in the U.S. bond market in April 2008, as revealed by the National Association of Realtors. Its sales decreased by 1% to a 4.89 million unit rate and followed a revised 1.8% drop to a 4.94 million unit level in March. Its total sales on a...

  • Slowdown roaches commercial addresses. Soule, Alexander // Fairfield County Business Journal;7/7/2008, Vol. 47 Issue 27, p24 

    The article reports on the impact of the weak economy to commercial real estate. According to the National Association of Realtors (NAR), a 3% increase will be acquired by the business in 2008 following the countrywide office rents shot up by 8% in 2007. It stresses that the condition will...

  • Is housing truly undersupplied?  // Las Vegas Business Press (10712186);8/3/2009, Vol. 26 Issue 31, pP24 

    The article analyzes the sales statistics issued by the Greater Las Vegas Association of Realtors in June 2009 for Las Vegas, Nevada. It reports that realtors were able to sell 3,785 single-family houses in June while condominium and townhome sales grew three times to 917 compared to 2008. It is...

  • NAR Expects Home Prices to Fall.  // National Mortgage News;9/11/2006, Vol. 30 Issue 48, p2 

    The article reports the forecasts of the National Association of Realtors (NAR) concerning the prices of homes in United States. Due to slower-than-expected sales and rising inventories, NAR expects that the prices of houses will fall for a few months in 2006. In their research, NAR found out...

  • BRIEFCASE.  // Corridor Business Journal;8/26/2013, Vol. 10 Issue 5, p8 

    The article offers new briefs form the U.S. from August 26, 2013 to September 1, 2013. As per a report from Iowa Association of Realtors, an increase in the sales and prices of the homes has been seen in the Iowa in July 2013. The board of directors of United Fire Group, finance company declared...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics