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 after flirting with stable market territory for months. . Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas) Listings (6/15/2011):  13926 Under Contract (6/15/2011):  13656 Sold May 2011:  3841 Short Sales: 46% of Listings 24% of Sales REO (Foreclosures, Bank Owned:) 24% of Listings 46% of Sales In One Month:  Listings are DOWN -170 units, Contracted Listings UP +415 units, Sales are UP +51 units.  Close ratios are going lower because much of the pending inventory is short sales which requires LONGER close times.   DOWN PAYMENT ASSISTANCE HAS NOT ENDED FOR FIRST TIME BU... 06/25/2011