Las Vegas NV Area Pendings Report for October 2011 (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 an unusually large amount of units closed for fall. August almost broke records! Active listings are down again for the 11th month in a row! 2011 proves to be an interesting year for Las Vegas Real Estate! Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas) Listings (11/15/2011): 12175 Under Contract (11/15/2011): 13136 Sold October 2011: 3778 Short Sales: 47% of Listings 25% of Sales REO (Foreclosures, Bank Owned:) 21% of Listings 50% of Sales In One Month: Listings are DOWN -415 units, Contracted Listings DOWN -76 units, Sales are DOWN -200 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 TI...