Southern Nevada resales demonstrate staying power

The existing single-family house sales in Las Vegas in August were 2,545 which is a slight drop from July at 2,592, reported GLVAR, the Greater Las Vegas Association of Realtors. This number actually breaks a string of increases dating back six or seven consecutive months. When a comparison is made to August of 2007 at a paltry 1,316, it represents, however, a serious leap higher, 93.4% in all that can be called a significant improvement. Resales, although still heavily flavored by foreclosures, do remain healthy and need to stay that way to push this weakened market to a smooth turnaround. To read the entire article, please click on the link.