Las Vegas NV Area Pendings Real Estate Market Report for October 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 stagnant at the moment but LOW LOW LOW! 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 (11/15/2012): 4762 Under Contract (11/15/2012): 14603 Sold October 2012: 3535 Short Sales: 20% of Listings 46% of Sales REO (Foreclosures, Bank Owned:) 10% of Listings 12% of Sales In One Month: Listings are DOWN -80 units, Contracted Listings DOWN -225 units, Sales are UP +369 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...