Economic Conditions for the Las Vegas Valley November 2008  Housing Conditions: Foreclosure/Short Sale Listings (1/12/2009): Total Listings 21034; Short Sales: 6580, 31% of all listings; Bank Owned Listings: 8072, 38% of all listings. Short sale and REO listings consume 70% of total listings New Home Sales (November 2008, units sold): 607 Year Change -56.3% (excl condo conversions, highrises) New Home Sales (November 2008, median price): $248,341 Year Change -10.5% (excl condo conversions, highrises) Existing Home Sales (November 2008, units sold): 2518 Year Change +79.0% Existing Home Sales (November 2008, median price): $173,900 Year Change: -31.5% New Home Permits (November 2008): 180 Year Change -44.8% Rental Rate (MLS Monthly Average December 2008): $1594/month  My analysis:  Distr... 01/25/2009