Nevada Business in Real Estate

Home sales up, prices down
Home sales continued to post big numbers in May and the median price dipped 1.2 percent, or $1,720, from the previous month, the smallest decline since November 2007, the Greater Las Vegas Association of Realtors reported Tuesday. The inventory of homes on the market, a major concern for local housing analysts, declined 9.3 percent from a year ago to 21,181, leaving supply at about seven months.
[ source ] http://www.lvrj.com : June 10, 2009
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