Las Vegas NV Area Pendings Real Estate Market Report for September 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 up stagnant at the moment but LOW LOW LOW! 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 (10/15/2012): 4842 Under Contract (10/15/2012): 14828 Sold September 2012: 3166 Short Sales: 21% of Listings 46% of Sales REO (Foreclosures, Bank Owned:) 9% of Listings 14% of Sales In One Month: Listings are DOWN -73 units, Contracted Listings DOWN -273 units, Sales are DOWN -454 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 Mont...