Prices have flatlined after an 18 month period of steep appreciation.
In June 2012, Las Vegas short sale home closings outpaced Las Vegas REO (bank owned) home closings for the first time since the Las Vegas real estate demise started in 2006. Our absorption rate continues to be in seller’s market mode with around 2 months of inventory which indicates a strong seller’s market. Equity sales began to outpace REO & short sales in Las Vegas in February 2013.
Las Vegas Home Sales were strong with 3150 units sold in September 2013.
Cash sales still dominate the Las Vegas sold terms with over 40% of the homes selling with cash vs financed offers (VA/FHA/Conventional.)
Las Vegas Area Market Activity shows general Las Vegas Market Activity, Trends & Absorption
Las Vegas Area REO or Bank Owned Homes Comprehensive Reports on Las Vegas Area REO including financing profiles by price point and absorption rate.
Las Vegas Area Short Sale Homes Comprehensive Reports Detailing Short Sale Listing, Contract & Sold Stats. Includes Absorption Rate.