Las Vegas NV Area Pendings Real Estate Market Report for April 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 16th 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 (5/15/2012): 4813 Under Contract (5/15/2012): 15921 Sold April 2012: 3789 Short Sales: 28% of Listings 30% of Sales REO (Foreclosures, Bank Owned:) 15% of Listings 39% of Sales In One Month: Listings are DOWN -1004 units, Contracted Listings UP +361 units, Sales are DOWN -430 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...