Here is what buyers received in seller paid concessions on February 2013 Las Vegas Area (Henderson - N Las Vegas - Las Vegas) Closes: Less than $500: 87% ($500 only buys you a home warranty or (no and) an appraisal) Between $501-4000: 8% Over $4001: 5% This pretty much means that sellers aren't giving up much of anything since Las Vegas is a Seller's Market and in dire need of sellable inventory! Inventory levels are rising just slightly and we are seeing some movement/improvement in this sector which is good news, especially for buyers who want/need closing costs! Last Month's Concession Stand Most Current Concession Stand What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports? General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average... 04/12/2013

The absorption rate for Las Vegas Valley Area Short Sales went up slightly for January 2008.  Absorption still remains high and above the two year mark.  Inventory has increased sharply (+191units).  Pending units have increased sharply by +330 units.    Solds have  decreased by -221 units.  Absorption up by almost 9 months There are many reasons for the lack of closings in this market and it is outlined in this post.  Short Sale Synopsis: Listings 2/15/2008: 6771 Pending 2/15/2008: 2295 Closed January 2009: 221 Month's Inventory: 30.6 (=2.5 Years Inventory.) Short Sales Currently Account for: 33.5% of All Las Vegas Valley Listings 8.4% of All Las Vegas Valley Sales One thing you really need to consider when buying or selling short is to make sure the list agent is EXPERIENCED in this ... 02/26/2009