Economic Conditions for the Las Vegas Valley September 2009  Housing Conditions: Foreclosure/Short Sale Listings (10/15/2009): Total Listings 10371; Short Sales: 4591, 44% of all listings; Bank Owned Listings: 2144, 21% of all listings. Short sale and REO listings consume 65% of total listings New Home Sales (September 2009, units sold): 422 Year Change -53.4% (excl condo conversions, highrises) New Home Sales (September 2009, median price): $208,240 Year Change -16.5% (excl condo conversions, highrises) Existing Home Sales (September 2009, units sold): 4168 Year Change +31.9% Existing Home Sales (September 2009, median price): $125,250 Year Change: -33.7% New Home Permits (September 2009): 396 Year Change -14.1% Rental Rate (MLS Monthly Average August 2009): $1477/month  My analysis: ... 11/06/2009