Las Vegas NV Area Pendings Report for January 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 14th 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 (2/15/2012): 9180 Under Contract (2/15/2012): 13373 Sold January 2012: 3483 Short Sales: 45% of Listings 28% of Sales REO (Foreclosures, Bank Owned:) 19% of Listings 48% of Sales In One Month: Listings are DOWN -1266 units, Contracted Listings UP +993 units, Sales are DOWN -615 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 Pe...