Henderson Nevada Bank Owned Homes: Inventory Update, 09-19-09

The inventory of Henderson Nevada bank owned homes increased just slightly over the last week. As more banks move towards loan modifications, I expect to see this decrease to where it represents only 10% of the total listings. However, that could still take 6-9 months.

Selling time in the Henderson REO market continues to be extremely fast. The median Days On Market for the 313 bank-owned homes that closed in August was just 21 days. Buyers in the market need may need to write multiple offers and go above list price to be successful.

For more info about Henderson bank owned homes or the Henderson real estate market, just give me a call at (702) 339-9700 or email me at JohnNovak@kw.com. I'm ready to go to work for you!