Builders logged 434 net sales in July, the fourth consecutive monthly drop and the lowest since the onset of the pandemic.
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The 206-unit complex in the southwest valley is not finished yet but is expected to be move-in ready in late August.
The median sales price of previously owned single-family homes fell in July, as Southern Nevada sees fewer sales, growing inventory and more price cuts.
Ely at Fort Apache in the southwest valley is scheduled to hold a ribbon-cutting ceremony Tuesday.
The seven-story, 184-unit project behind The Martin condo tower is set to finish in 2024.
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