Las Vegas NV Area Pendings Real Estate Market Report for March 2012 (includes Henderson & North Las Vegas)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Las Vegas Real Estate Inventory is seeing a major decrease as the aftermath of NV AB 284. Active listings are down again for the 15th month in a row! 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 (4/15/2012): 5817 Under Contract (4/15/2012): 15560 Sold March 2012: 4219 Short Sales: 34% of Listings 27% of Sales REO (Foreclosures, Bank Owned:) 17% of Listings 43% of Sales In One Month: Listings are DOWN -1442 units, Contracted Listings UP +895 units, Sales are UP +580 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, HOWEVER!! Last Month's Pendin...
Comments
8