Smith, Hubble
December 2008
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 2008 compared to the same period in 2007. The number of homes available for sale fell by 3.1% while the median home price showed a decline of 32%. Patty Kelley, president of the association, said foreclosures affected the local housing market.


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