Greater Las Vegas Association of REALTORS® October 2008 Statistics

AVAILABILITY AT END OF PERIOD Oct 08 Change from

Sep 08

Change from

Oct 07 Oct 08 Change from

Sep 08

Change from

Oct 07

# of available units listed 2 2,929 +0.6% -4.1% 5 ,531 +2.3% -8.5%

Median list price of available units $ 2 05,000 -6.4% -34.9% 1 35,000 -6.8% -34.1%

Average list price of available units $ 345,084 -3.6% -22.9% 260,528 -3.2% -17.3%

NEW LISTINGS THIS PERIOD Oct 08 Change from

Sep 08

Change from

Oct 07 Oct 08 Change from

Sep 08

Change from

Oct 07

# of new listings 5,511 +3.4% +5.9% 1 ,235 +10.7% +7.9%

Median price of new listings $ 189,900 -5.0% -36.7% $ 1 17,900 -9.2% -39.5%

Average price of new listings $ 279,955 -5.1% -32.4% $ 225,634 -6.3% -23.9%

UNITS SOLD THIS PERIOD Oct 08 Change from

Sep 08

Change from

Oct 07 Oct 08 Change from

Sep 08

Change from

Oct 07

# of units sold 2,718 -2.3% +179.1% 4 14 +7.3% +110.2%

Median price of units sold $ 190,000 -2.6% -30.8% $ 1 09,575 -8.3% -36.7%

Average price of units sold $ 225,505 -2.2% -39.8% $ 131,756 -10.8% -40.8%

TIME ON MARKET FOR UNITS SOLD THIS

PERIOD Oct 08 Sep 08 Oct 07 Oct 08 Sep 08 Oct 07

0-30 days 47.4% 48.7% 27.9% 37.4% 38.9% 20.3%

31-60 days 17.8% 19.0% 19.6% 19.6% 19.4% 20.3%

61-90 days 11.7% 11.5% 16.0% 14.0% 16.6% 15.7%

91-120 days 8.2% 7.7% 13.9% 9.7% 10.1% 14.7%

121+ days 15.0% 13.2% 22.6% 19.3% 15.0% 28.9%

TOTAL HOME SALES DOLLAR VALUE FOR

UNITS SOLD THIS PERIOD Oct 08 Change from

Sep 08

Change from

Oct 07 Oct 08 Change from

Sep 08

Change from

Oct 07

$ 612,923,394 -4.5% +68.0% $ 5 4,546,972 -4.3% +24.5%

Source: Greater Las Vegas Association of REALTORS®

DISCLAIMER: This data is based on information from the Greater Las Vegas Association of REALTORS® (GLVAR) Multiple Listing Service (MLS). This information is deemed reliable but is not guaranteed. MLS collects, compiles and distributes information about homes listed for sale by its subscribers who are real estate agents. MLS subscription is available to all real estate agents licensed in Nevada, but is not available to the general public. Not all licensed agents subscribe to the MLS. MLS does not include all new homes available or listings from non-MLS agents, nor does it include properties for sale by owner. The territorial jurisdiction of the GLVAR as a member of the National Association of REALTORS® includes Clark, Nye and Lincoln Counties, Nevada, and such other areas as from time to time may be allocated to the GLVAR by the Board of Directors of the National Association of REALTORS®.