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4 Comments on Las Vegas NV Area Concession Stand November 2011 (includes Henderson & North Las Vegas)
Renee,
Now that is EXCITING NEWS. The falling inventory and you are already considered a seller's market is great to hear.
What's really interesting is if anyone can remember, in 2005, Port St Lucie was the hottest investor market in the country and Las Vegas was number 4.
Then when the crash happened, Port St Lucie plunged to the bottom followed by Las Vegas.
Now we are already feeling we are in a Seller's market once again as our inventory levels are down to a 2 month level while the state average is 5 1/2 months and Las Vegas says it is already there.
Funny how the same cycles keep repeating. Maybe that's why we call it a REAL ESTATE CYCLE.
And the huge news is these 2 markets that follow the stats so perfectly both are showing huge recovery so if you believe in the statistics, sounds like we are finally on the right path once again.
Hi Rene,
Sellers are not giving buyers squat in your market which I think should be good mews to all concerned. Another great example of using graphics for you market report.
Renee, this is interesting, as our concessions are usually higher, but should do a search to verify this. Good information!
Thank you Joan, Bob & Kevin for your comments!
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