LAS VEGAS -- The combination of falling prices and rising foreclosures continued to drive Las Vegas home sales in August. While the numbers weren’t as impressive as the month before, experts said sales are still strong “by historical standards.”

According to the Greater Las Vegas Association of Realtors, 4,039 homes sold in August, down from 4,602 in July.

Compared to August 2008, however, home sales are up more than 110 percent.

While in past year’s brisk sales can be celebrated, much of the current trend is attributed to the heartbreaking number of foreclosures that have cost southern Nevadan’s their homes.

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Despite an 8 percent monthly decline in foreclosure activity in August, Nevada had the nation's highest foreclosure rate for the 32nd-straight month, according to RealtyTrac.

Nearly 18,000 Nevada properties received a foreclosure filing, down 8 percent from July but an increase of more than half from August last year.

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Still, there’s no denying the foreclosure crisis has made homes more affordable than they have been in years.

The median price of a single-family home dropped from $138,800 to $135,000 in August.

Condominiums and townhomes are also being sold at massive discounts, compared to years past. The median price, according to the GLVAR, fell to $66,288 in August. That’s down 46.1 percent from $123,000 a year ago.