Las Vegas New Construction December 2007 Report
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
While we saw an upward tick in Las Vegas New Construction units sold in October, we have a slight downward number of units sold in November. There is barely any standing inventory to close. Building permits are up 99.8%. This is good news because most major builders in town are pulling permits only when they have a contract from a buyer.With that being told, I am expecting units sold to rise from late winter to spring & summer. While the resale market still remains pitiful, new construction is moving along. REO (foreclosed homes) prices are inching downward to compete with this market.Las Vegas New Construction Units Sold:November 2007: 2643October 2007: 2752November 2006: 3006
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