Economic Conditions for the Las Vegas Valley May 2010 Housing Conditions:   Foreclosure/Short Sale Listings (6/15/2010): Total Listings 10548; Short Sales: 4559, 43% of all listings; Bank Owned Listings: 2146, 20% of all listings. Short sale and REO listings consume 63% of total listings New Home Sales (May 2010, units sold): 426 Year Change +18.3% (excl condo conversions, highrises) New Home Sales (May 2010, median price): $186,784 Year Change -12.7% (excl condo conversions, highrises) Existing Home Sales (May 2010, units sold): 3513 Year Change -2.3% Existing Home Sales (May 2010, median price): $125,000 Year Change: -3.8% New Home Permits (May 2010): 395 Year Change +28.2% Rental Rate (MLS Monthly Average June 2010): $1410/month  My analysis:  Distressed listings (foreclosures and sh... 07/09/2010