Las Vegas Real Estate Agent Housing Market Update -Foreclosure Homes for sale in Vegas for March 3, 2012
As you can see from some of my previous updates we are still seeing our inventory drop, even with homes coming on the market, the good ones are of course going under contract quickly, even if they are Las Vegas Short Sales which account for approx 42% of the available homes that don't have contracts on them.
There are approx 7,291 homes for sale in the Las Vegas area that do not have offers on them per the local MLS.
Of that there are less than 1,200 of them that are foreclosures.
This is for single family homes without contracts on them.
Our pending and homes with contracts on them are approx .... 11,835
The Las Vegas area homes available for offers has continued to drop again this past month largely in part to the foreclosure law law AB 284 that took effect on October 1, 2011.
What this means for you as a Las Vegas home buyer is.....less homes to choose from and when you do see one you like, don't wait, get your best offer in right away. You need to make sure you are PREAPPROVED to buy before you start your home search. If you are ready to take that step to get preapproved give me a call.