Las Vegas Market Watch (2007 April Month End)
By GUY Trendz, Home Gifts and Products for Men
(GUYTrendz)
Summary: The Las Vegas housing market remains flat. The overall number of listings has continued to grow weekly since January 1st. Of homes sold, the days on market decreased from last month.Las Vegas Listings: (view chart) For the fourth straight month the number of net listings has grown. More existing homes are consistently going on the market than are being sold. Story after story has been heard about sellers who bought with an ARM mortgage option needed to sell because they are in a tough situation. Buyers are picking up all sorts of deals across the valley.Las Vegas Market Strength: (view chart)The average days on market (DOM) for April decreased slightly affecting our market strength meter for positive. This factor is based on homes sold. The fact that the DOM was down while more...
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