Las Vegas Real Estate Inventory is still increasing RAPIDLY.  It is rising so quick and I predict that we will emerge from a seller's market to stable market territory in the next month to three months. This is more than likely due to the first time buyer's tax credit expiring.  This will afford more opportunities for buyers to have less competition when placing offers in homes. Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas) Listings (9/15/2010):  14087 Under Contract (9/15/2010):  13547 Sold August 2010:  3518 Short Sales: 49% of Listings 31% of Sales REO (Foreclosures, Bank Owned:) 20% of Listings 45% of Sales In One Month:  Listings are UP +185 units, Contracted Listings UP +474, Sales are DOWN -93 units.  Close ratios are going lower because much... 09/21/2010