Nevada Real Estate >> Las Vegas Real Estate Specialist: Nevada: Henderson: First Light At Boulder Ranch

Las Vegas | Henderson | North Las Vegas NV June 2010 Pendings Report: Inventory is Rising Rapidly!

Las Vegas Area Homes for Sale

Las Vegas Area Homes for Sale

Las Vegas Area Real Estate Market Report & Absorption Rates

Inventory is increasing RAPIDLY.  This may be due to the first time buyer's tax credit expiring.  This is also good news as we could emerge from the extreme seller's market that we have been in for over a year to a stable market in about 8 months (with a consistent increases like the ones we have seen this month.)

Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas)

  • Listings (7/15/2010):  11716
  • Under Contract (7/15/2010):  14628
  • Sold June 2010:  4126

Short Sales:

  • 45% of Listings
  • 34% of Sales

REO (Foreclosures, Bank Owned:)

  • 21% of Listings
  • 40% of Sales

In One Month:  Listings are UP +1168 units, Contracted Listings DOWN -1120, Sales are UP +613 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 Pending Report

 


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 7 commentsRenée Burrows • July 19 2010 01:51PM
Las Vegas | Henderson | North Las Vegas NV June 2010 Pendings Report:…
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Inventory is increasing RAPIDLY. This may be due to the first time buyer's tax credit expiring. This is also good news as we could emerge from the extreme seller's market that we have been in for over a year to a stable market… more