I am pleased to report that today around noon we surpassed 10,000 active listings and our inventory is GROWING quickly!
This is great news for buyers frustrated with writing multiple offers only to get outbid time and time again as sale prices were drawn well above the list prices and cash buyers had preference over financed buyers!
If you decided to throw in the towel and sit on the sidelines from the Las Vegas Real Estate gold rush you may want to consider to jump back in soon!
We do still need about twice as many active listings to turn this from a big time seller's market back into a stable market (I estimate 18000-24000 listings.)
Give us a call at 702-966-2494 if you would like to be set up on a free up to date home search!
Renee
So nice to see your market really taking off so well after such a long down time.
Hi Renee, I hope we get some new inventory soon. With rates so low, it would be great for Seller's that are considering selling to bring their homes to market, now. Nice new comprehensive graph.
Renee great graph, really easy to look at and understand. Also looks as if your market is healthier than it's been for a long time.
Renee it must be so exciting to see your marketing doing so well. It is a great time to buy.
I love to hear when areas are in a seller's market.
Interesting to see that your market changed in May 09. I'll work on a similar graph for my market area and determine when they changed. Renee, you are the Queen of Statistics.
Great post! Sound like the market turn around in your area after a long down turn!
Thanks for sharing.
Adam
We average 1,000 listings in Calvert County in any given month. Wow, look at the difference in market size. When I am in Vegas for a RE/MAX Convention, it never feels that big!
Renee,
Cool graph. Very easy to follow and understand.
Lori Cofer
You are full of good news today Renee. I'm happy you have additonal product coming to market. ~ Doug
Hi Renee...how your market changed this past year..many still think Vegas Real Estate is a Buyers Market.
Cheers...go put up more Sold signs all over Vegas
Renee,
That project is moving along well now, so next up is Solds that we need to get back to at least 4,000 homes a month.
Renee,
It is so hard to convince buyers that the market is tight and that they will not be successful offering 25% under market price. We need more inventory in Norhtern Virginia as well.
It is still inching up a bit and I thank everyone for their comments!