Las Vegas Area REO Inventory has FALLEN since last report (-468 units), Under Contracts have FALLEN by (-62) units Closing data has FALLEN by (-33) units. Low interest rates have spurred a flurry of buyer interest & activity and it continues. AB 284 IS PREVENTING NORMAL AMOUNTS OF NEW LISTINGS FROM COMING ON THE MARKET CURRENTLY until further notice!
REO sales accounted for 44% of all Las Vegas Area Valley resale closings in February 2012. REO listings account for only 17% of total resale listings.
Current Listed Bank Owned Statistics:
- Listings (3/15/2012): 1235
- Under Contract (3/15/2012): 2773
- Sold February 2012: 1623
For Most Current Las Vegas REO Inventory Market Report.
What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?
General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably asks, what’s that?) It means that I cover the cities of Las Vegas, Henderson, North Las Vegas including unincorporated Clark County Townships of Whitney, Paradise, Winchester, Enterprise, Sunrise Manor & Spring Valley. They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.
View More FAQ About My Las Vegas Area Real Estate Market Reports.
Comments(4)