Henderson Nevada Bank Owned Homes: Inventory Update, 10-24-09

The inventory of Henderson Nevada bank owned homes (REOs) is making slow and steady progress as we enter the fall. The 'second wave' of REOs that many agents expected never materialized. More banks seem to be interested in loan modifications, but that process requires extreme patience and diligence from homeowners.

Henderson bank owned homes continue to sell quickly. The median Days On Market for the 424 single-family bank owned homes that closed in September was just 25 days. The median selling price was $196,000. Buyers in the market 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!