A new record of 4,702 sales of single family, townhomes/condo in June 2009 beats the previous record of 4,414 set in June 2004. Also, homes prices stayed flat for the month instead of declining it is the first time for many months. We have strong demand for investors and first time home buyers taking advantage of the $8,000 tax credit. Fewer home sellers are reducing their prices in the Las Vegas Area signaling a boost for the market. Realtors in the Las Vegas Area are seeing multiple bids on low-priced foreclosed homes. Lets all hope we are close to a BOTTOM.
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