Las Vegas NV Area Pendings Report for July 2011 (includes Henderson & North Las Vegas)
By Renée Donohue~Home Photography, Western Michigan Real Estate Photographer
(Savvy Home Pix)
Las Vegas Real Estate Inventory has stabilized after the months of increase following the first time buyer's tax credit expiration. Against my predictions, we are still a seller's market after flirting with stable market territory for months. A quick glance of Aug 2011 sold numbers shows that sales will be almost as high as July when the final tally is settled. Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas) Listings (8/15/2011): 13397 Under Contract (8/15/2011): 13489 Sold July 2011: 3928 Short Sales: 46% of Listings 21% of Sales REO (Foreclosures, Bank Owned:) 24% of Listings 53% of Sales In One Month: Listings are DOWN -337 units, Contracted Listings DOWN -13 units, Sales are DOWN -467 units. Close ratios are going lower because much of the pending...