Las Vegas NV Area Pendings Real Estate Report for September 2010 (includes Henderson & North Las Vegas)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
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 or two. 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 (10/15/2010): 15095 Under Contract (10/15/2010): 12952 Sold September 2010: 3440 Short Sales: 49% of Listings 31% of Sales REO (Foreclosures, Bank Owned:) 21% of Listings 44% of Sales In One Month: Listings are UP +1008 units, Contracted Listings DOWN -595, Sales are DOWN -78 units. Close ratios are going lower because much ...