The number of existing homes on the market fell to the lowest level in more than three years, but the declining inventory is likely poised to rebound after Las Vegas reported a jump in foreclosures in June, according to newly released statistics. After a record number of existing-home sales in June at 4,663, SalesTraq reported that the inventory on the Multiple Listing Service fell to 12,653 or a 3.4-month supply — a level not seen in several years.
Las Vegas housing supply hits 3-year low
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