Nevada Real Estate >> Las Vegas Real Estate Specialist: Nevada: Las Vegas: Charleston Rainbow

Las Vegas NV Area January 2010 REO Inventory Update

las vegas area bank owned homes for sale

Las Vegas Area REO Inventory has FALLEN since last report (-399 units), Under Contracts have RISEN (+42) units  Closing data has FALLEN (-652) units.  Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.  

REO sales accounted for 60% of all Las Vegas Area Valley resale closings in January 2010.  REO listings account for only 17% 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 (2/14/2010): 2137
  • Under Contract (2/14/2010): 3288
  • Sold January 2010:  2548
  • 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 5 commentsRenée Burrows • February 14 2010 05:48PM
Las Vegas NV Area January 2010 REO Inventory Update
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Las Vegas Area REO Inventory has FALLEN since last report (-399 units), Under Contracts have RISEN (+42) units Closing data has FALLEN (-652) units. Low interest rates have spurred a flurry of buyer interest & activity this December… more