Nevada Real Estate >> Las Vegas Real Estate Specialist: Nevada: Henderson: Camarlo Park

Las Vegas NV Area September 2009 REO Inventory Update: Still Slim Pickins!

Las Vegas Area Foreclosures For Sale - Pending - Sold

Inventory has fallen since last report (-235 units), Under Contracts have fallen (-202) units  Closing data is DOWN at -5 units.   Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.  

REO sales accounted for 69% of all Las Vegas Area Valley resale closings in September 2009.  REO listings account for only 21% of total resale listings.

Multiple offers are streaming in as banks continue to lower to fire and auction sale prices.

Current Listed Bank Owned Statistics:

  • Listings (10/15/2009): 2144
  • Under Contract (10/15/2009): 5043
  • Sold September 2009:  2869
  • Absorption Rate:  0.7 Months (THATS LESS THAN ONE MONTH = VERY LITTLE INVENTORY)

View Last Month's Report Here  

To find the most recent report, click here


Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

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Comment balloon 5 commentsRenée Burrows • October 15 2009 04:39PM
Las Vegas NV Area September 2009 REO Inventory Update: Still Slim…
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