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Home Sales Slump In Some Top Neighborhoods

Las Vegas home buyers are choosing more affordable neighborhoods, and sales are slumping in some communities.

The Las Vegas Review-Journal says builders reported fewer net sales in the third quarter compared to the same period last year in half of the valley’s top 10 selling communities, including Summerlin, Inspirada and Cadence.

Builders closed 1,029 new-home sales in Southern Nevada in September, up 13.3 percent from the same month last year.