By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Comments 0
Las Vegas Real Estate Inventory is seeing an unusually large amount of units closed for late summer. August almost broke records!  Pendings went WAY up in September.  2011 proves to be an interesting year for Las Vegas Real Estate! Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas) Listings (10/15/2011): 12590 Under Contract (10/15/2011): 13212 Sold September 2011: 3978 Short Sales: 47% of Listings 24% of Sales REO (Foreclosures, Bank Owned:) 22% of Listings 52% of Sales In One Month: Listings are DOWN -483 units, Contracted Listings DOWN -121 units, Sales are DOWN -585 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, HO...
North Las Vegas, NV Real Estate Professionals