Nevada Real Estate >> Las Vegas Real Estate Specialist: Nevada: Henderson: Cottages

Las Vegas NV Area February 2010 REO Inventory Update

Las Vegas Area REO Homes For Sale

Las Vegas Area REO Listings Absorption Rate

Las Vegas Area REO Inventory has FALLEN since last report (-670 units), Under Contracts have FALLEN (-96) units  Closing data has FALLEN (-867) units.  Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.  

REO sales accounted for 57% of all Las Vegas Area Valley resale closings in January 2010.  REO listings account for only 15% 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 (3/15/2010): 1467
  • Under Contract (3/15/2010): 3192
  • Sold February 2010: 1683
  • Absorption Rate:  0.9 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 7 commentsRenée Burrows • March 22 2010 11:34AM
Las Vegas NV Area February 2010 REO Inventory Update
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Las Vegas Area REO Inventory has FALLEN since last report (-670 units), Under Contracts have FALLEN (-96) units Closing data has FALLEN (-867) units. Low interest rates have spurred a flurry of buyer interest & activity this… more