Nevada Real Estate >> Las Vegas Real Estate Specialist: Nevada: Las Vegas: Modena

Las Vegas NV Area Pendings Real Estate Market Report for May 2012 (includes Henderson & North Las Vegas)

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 seeing a major decrease as the aftermath of NV AB 284. Active listings are down again for the 17th month in a row! 2012 will be another interesting year for Las Vegas Real Estate!

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

  • Listings (6/15/2012): 4604
  • Under Contract (6/15/2012): 15623
  • Sold May 2012: 3992

Short Sales:

  • 25% of Listings
  • 32% of Sales

REO (Foreclosures, Bank Owned:)

  • 13% of Listings
  • 34% of Sales

In One Month: Listings are DOWN -209 units, Contracted Listings DOWN -298 units, Sales are UP +203 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 101-606 (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®
 

 

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Comment balloon 6 commentsRenée Burrows • June 30 2012 01:22PM
Las Vegas NV Area Pendings Real Estate Market Report for May 2012..
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