SUPPLY GOING DOWN-DEMAND GOING UP--Numbers/Stats for week of 05/06/09

SUPPLY GOING DOWN-DEMAND GOING UP

Las Vegas Real Estate Market Report: 05/06/09

This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (National Association of Residential Real Estate Investment Advisors). For the week of May 6, 2009, data is obtained from the Greater Las Vegas Association of Realtors MLS.

Single Family Residence (SFR)
Available - 12,084 (-543 , Last Week 12,627)
Under Contract - 9,301 (+127 , Last Week 9,174)
Days of Supply - 39 (-2 , Last Week 41)
Short Sales - 8,248 (+56 , Last Week 8,192)

Condominiums and Town Homes (CONDO/TH)
Available - 3,846 (-167 , Last Week 4,013)
Under Contract - 1,819 (+11 , Last Week 1,808)
Days of Supply - 63 (-4 , Last Week 67)
Short Sales - 2,125 (+20 , Last Week 2,105)

Combined SFR + CONDO/TH
Available - 15,930 (-710 , Last Week 16,640)
Under Contract - 11,120 (+138 , Last Week 10,982)
Days of Supply - 43 (-2 , Last Week 45)
Short Sales - 10,373 (+76 , Last Week 10,297)

For the complete Las Vegas Real Estate Market Report, including detailed tables and graphs, visit www.narreia.com/market/housingreports.php (login required).