Economic Conditions for the Las Vegas Valley December 2008  Housing Conditions: Foreclosure/Short Sale Listings (3/25/2009): Total Listings 19377; Short Sales: 6833, 35.3% of all listings; Bank Owned Listings: 6642, 34% of all listings. Short sale and REO listings consume 70% of total listings New Home Sales (February 2009, units sold): 346 Year Change -56% (excl condo conversions, highrises) New Home Sales (February 2009, median price): $218,000 Year Change -20.1% (excl condo conversions, highrises) Existing Home Sales (February 2009, units sold): 2606 Year Change +70.4% Existing Home Sales (February 2009, median price): $145,000 Year Change: -38.3% New Home Permits (February 2009): 139 Year Change -64.5% Rental Rate (MLS Monthly Average February 2009): $1419/month  My analysis:  Distr... 04/13/2009