Highland Estates (North Las Vegas, NV)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Comments 7
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 (7/15/2011): 13734 Under Contract (7/15/2011): 13502 Sold June 2011: 4395 Short Sales: 45% of Listings 25% of Sales REO (Foreclosures, Bank Owned:) 25% of Listings 50% of Sales In One Month: Listings are DOWN -192 units, Contracted Listings DOWN -154 units, Sales are UP +554 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 BUYERS...
North Las Vegas, NV Real Estate Professionals