Economic Conditions for the Las Vegas Valley April 2008  Housing Conditions: Foreclosure/Short Sale Listings (4/15/2009): Total Listings 17846; Short Sales: 6698, 37.5% of all listings; Bank Owned Listings: 5543, 32.9% of all listings. Short sale and REO listings consume 68.6% of total listings New Home Sales (March 2009, units sold): 466 Year Change -46.4% (excl condo conversions, highrises) New Home Sales (March 2009, median price): $228,030 Year Change -12.3% (excl condo conversions, highrises) Existing Home Sales (March 2009, units sold): 3220 Year Change +69.6% Existing Home Sales (March 2009, median price): $142,000 Year Change: -38.3% New Home Permits (March 2009): 233 Year Change -41% Rental Rate (MLS Monthly Average February 2009): $1365/month  My analysis:  Distressed listings... 05/11/2009