Total inventory is WAY down over November 2007 by almost 5,000 listings! Closings are climbing as the market in Vegas starts a turn around. Check the number of closings since April 1, 2008 compared to the month of December 2007! According to these stats things are looking positive!
Short Sales and Foreclosures still abound...but when checking the MLS things are a lot more positive than I had thought. Only a little over 50% of homes for sale are in some form of repossession.
As the sun shines down on Las Vegas and the days warm up there is certainly no better time for buyers to make their move here! It is definitely a buyers market. And priced correctly it's still a perfect time for homeowners to think about selling.
| Las Vegas NV: Current Inventory Update | ||||||
| * | * | 11/1/2007 | * | 1/8/2008 | * | 4/28/2008 |
| * | * | * | * | * | * | |
| Total Inventory: | * | 28,331 | * | 25,369 | * | 23,069 |
| Single Family Residential Inventory: | * | 22,026 | * | 19,798 | * | 17,774 |
| Condo/Townhouse Inventory: | * | 5,693 | * | 5,067 | * | 4,761 |
| Manufactured Homes Inventory: | * | 612 | * | 504 | * | 534 |
| Total Pending/Contingent | * | 2,283 | * | 2,437 | * | 6,036 |
| Total Vacant (active): | * | 13,494 | * | 13,029 | * | 11,675 |
| Total Percent of Vacant: | * | 47% | * | 51% | * | 51% |
| Closings | * | 1,246 | * | 1,157 | * | 1,533 |
Call or e-mail me for all your Clark County NV real estate needs.
These figures do not include new homes (not in the MLS) or For Sale By Owners, nor do they include those bank owned properties not in the MLS. All figures are per the GLVAR MLS system and are deemed to be correct but not guaranteed.
Las Vegas REALTOR® specializing in representing clients with homes for sale, single-family residences, income property. I work all of Las Vegas, North Las Vegas, Green Valley, Henderson, & Summerlin
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Mary, let's hope that this continues! Our market in Southern Utah really mirrors your market so any good news for you, is good news for us!
Inventory droping and closing rising. Excellent!!!
Your Friend in Charlottesville Virginia!
WOW, the number of pendings is unbelievable in comparisson. Looks like you guys will be feasting this summer as all of those pendings close, GREAT NEWS!
Mary (Mare), grin. Hey great numbers for your area, both indicators are moving in the right direct, yeehaa.