Las Vegas Real Estate Inventory is seeing a major decrease as the aftermath of NV AB 284. Active listings are up stagnant at the moment but LOW LOW LOW! 2012 will be another interesting year for Las Vegas Real Estate! Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas) Listings (4/15/2013): 4121 Under Contract (4/15/2013): 12694 Sold March 2013: 3477 Short Sales: 13% of Listings 34% of Sales REO (Foreclosures, Bank Owned:) 11% of Listings 12% of Sales In One Month: Listings are UP +86 units, Contracted Listings are DOWN -139 units, Sales are UP +376 units. Close ratios are going lower because much of the pending inventory is short sales which requires LONGER close times. Last Month's Pending Report For Most Current Las Vegas Real Estate Inventory Market R... 04/25/2013

 Inventory has fallen dramatically since last report (-595 units), Pendings have risen +1044 units  Closing data is slightly up at +33 units.   Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.   Foreclosures are showing NO signs of stopping! REO sales accounted for 81.2% of all Las Vegas Area Valley resales in February 2009.  REO listings account for only 32.9% of total resale listings. Multiple offers are streaming in as banks continue to lower to fire and auction sale prices. Current Listed Bank Owned Statistics: Listings (4/14/2009): 6642 Under Contract (4/14/2009): 5343 Sold March 2009:  2194 Absorption Rate:  1.9 Months View Last Month's Report Here   To find the most recent report, click here If you are thinking about buying an... 04/21/2009