of units sold in December. There is barely any standing inventory to close. We are experiencing a quick rise in resale pendings. New construction is starting to look better to buyers who are getting shut out in bidding wars in the resale market, yes I said that and it is happening!
I expect new construction statistics to look better and better every month
Las Vegas New Construction Units Sold:
- January 2008: 2707
- December 2007: 2261
- November 2007: 2643
- October 2007: 2752
- November 2006: 3006
- December 2006: 3203
