Nevada Real Estate >> Las Vegas Real Estate Specialist: Nevada: Henderson: Cheyenne At Southfork

Las Vegas NV Area December 2009 REO Inventory Update

Las Vegas Area REO Homes For Sale

Las Vegas Area REO Inventory has FALLEN since last report (-116 units), Under Contracts have FALLEN (-623) units  Closing data has RISEN (+170).  Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.  

REO sales accounted for 62% of all Las Vegas Area Valley resale closings in December 2009.  REO listings account for only 20% 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 (1/15/2010): 2137
  • Under Contract (1/15/2010): 3288
  • Sold December 2009:  2548
  • Absorption Rate:  0.8 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®
 

 

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Comment balloon 4 commentsRenée Burrows • January 17 2010 11:07AM
Las Vegas NV Area December 2009 REO Inventory Update
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Las Vegas Area REO Inventory has FALLEN since last report (-116 units), Under Contracts have FALLEN (-623) units Closing data has RISEN (+170). Low interest rates have spurred a flurry of buyer interest & activity this December and… more