Las Vegas Real Estate Inventory is seeing a major decrease as the aftermath of NV AB 284. Active listings are up just a smidge after a 17 month decline! 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 (7/15/2012): 4642 Under Contract (7/15/2012): 15247 Sold June 2012: 3793 Short Sales: 24% of Listings 35% of Sales REO (Foreclosures, Bank Owned:) 11% of Listings 29% of Sales In One Month: Listings are UP +38 units, Contracted Listings DOWN -376 units, Sales are DOWN -199 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 Pend... 07/27/2012