Las Vegas NV Area Pendings Report for February 2010 (includes Henderson & North Las Vegas)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Las Vegas Real Estate Inventory has stabilized after the months of increase following the first time buyer's tax credit expiration. Against my predictions, we are still a seller's market yet flirting with stable market territory. This will afford more opportunities for buyers to have less competition when placing offers in homes. Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas) Listings (3/15/2011): 14443 Under Contract (3/15/2011): 12525 Sold February 2011: 3250 Short Sales: 51% of Listings 26% of Sales REO (Foreclosures, Bank Owned:) 18% of Listings 52% of Sales In One Month: Listings are DOWN -685units, Contracted Listings UP +711 units, Sales are UP +170 units. Close ratios are going lower because much of the pending inventory is short sales ...
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