Nevada Real Estate >> Las Vegas Real Estate Specialist: Nevada: Las Vegas: Escondido Estates

Las Vegas | Henderson | North Las Vegas August 2010 Residential Resale Pendings Real Estate Activity

Las Vegas Area Homes for Sale

Las Vegas Area Homes for Sale

Las Vegas Area Real Estate Market Report and Absorption Rate

Las Vegas Real Estate Inventory is still increasing RAPIDLY.  It is rising so quick and I predict that we will emerge from a seller's market to stable market territory in the next month to three months. This is more than likely due to the first time buyer's tax credit expiring.  This will afford more opportunities for buyers to have less competition when placing offers in homes.

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

  • Listings (9/15/2010):  14087
  • Under Contract (9/15/2010):  13547
  • Sold August 2010:  3518

Short Sales:

  • 49% of Listings
  • 31% of Sales

REO (Foreclosures, Bank Owned:)

  • 20% of Listings
  • 45% of Sales

In One Month:  Listings are UP +185 units, Contracted Listings UP +474, Sales are DOWN -93 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

For Most Current Las Vegas Real Estate Inventory Market Report Click Here.

What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?

General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-605 (the average consumer probably asks, what’s that?)  It means that I cover the cities of Las Vegas, Henderson, North Las Vegas including unincorporated Clark County Townships of Whitney, Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley.  They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.

View More FAQ About My Las Vegas Area Real Estate Market Reports.


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 8 commentsRenée Donohue~Home Photography • September 21 2010 01:16PM
Las Vegas | Henderson | North Las Vegas August 2010 Residential…
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Las Vegas Real Estate Inventory is still increasing RAPIDLY. It is rising so quick and I predict that we will emerge from a seller's market to stable market territory in the next month to three months. This is more than likely… more