Las Vegas NV Area Pendings Real Estate Market Report for July 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 just a smidge for the second month in a row after a 17 month decline! 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 (8/15/2012): 4793 Under Contract (8/15/2012): 15245 Sold July 2012: 3430 Short Sales: 23% of Listings 41% of Sales REO (Foreclosures, Bank Owned:) 10% of Listings 22% of Sales In One Month: Listings are UP +189 units, Contracted Listings DOWN -378 units, Sales are DOWN -562 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 BUYE...