Henderson Real Estate Market Breakdown

Last week we looked at general trends in the Henderson Nevada real estate market. Today we'll start looking at the components of that market -- REOs (bank owned homes), short sales, and regular sales.

On a very basic level, it would appear that we have about 3.5 months of Henderson real estate inventory. But when we look closer, three distinct markets emerge. Here are the current figures for Henderson REOs, Henderson short sales, and 'regular' Henderson home sales.

Absorption is the number of months it would take to sell the available inventory at current sales rates. (Available Inventory/August Sales = Absorption Rate). We have less than one month of REO inventory, and almost nine months of short sales.

Distressed properties (REOs and short sales) make up 54% of our available inventory ...

... but account for 89% of the current escrows.

To find out more about buying or selling real estate in Henderson Nevada, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.

(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 601-606.)