Las Vegas Foreclosure Listings

Pendings are still rising 5 weeks post Las Vegas Foreclosure auctions!  Five weeks post we are looking at rising closings (+10 Units/one week) and pendings rose at a nice rate when I expected them to start leveling off (+66 Units/one week)!  Yes we are seeing listings rise (+51 units/one week).   I am almost wondering if this market may swing into a seller's market for one or two months early in 2008.  It is definitely the closest thing to a seller's market when you break down all the sub markets here.  

Here are current REO (bank owned, foreclosure) statistics:

  • Listings (1/13/2008):  2261
  • Under Contract (1/13/2008): 649
  • Sold (12/5/2007-1/5/2008):  292
  • Month's Inventory: 7.7

View last weeks stats here.

View Monthly stats here. 

I was only going to do these stats weekly for 6 weeks but it looks like I will continue to do them as long as the closings and pendings are rising steadily!  This is THE market to watch! 

 
 
This post has been included in Nevada Information Clark County, NV Information

8 Comments on Las Vegas, NV Foreclosure Listings: Five Weeks Post Auction, Pendings are Still Rising!!

JAN
14
2008
 Wow, Renee, this is certainly good news for your market! It definitely looks like it could swing into a seller's market for a while.
4:57pm • #1
108,957 Points 11 Featured Posts Outside Blog

Renee, All I see is opportunity. I hope you're seeing it too.

Bill Roberts
6:34pm • #2
Renee, sounds like good news all over the country.  Good I'm running out of reserves.
7:58pm • #3
146,720 Points 2 Featured Posts Outside Blog
I have been saying for a while that things will change this year.  I believe by summer 2008 it's the bottom for most!  I have picked up 3 NEW buyers in the last week.
11:14pm • #4
JAN
15
2008
213,784 Points 41 Featured Posts Outside Blog
The activity I have seen in our own market is telling me that things may be looking better for us this year, and not next, as most of the "experts" out there seem to think.  Nevada, lead the way!
3:57am • #5
364,875 Points 62 Featured Posts Outside Blog
I am seeing an upswing here, too.  My market has been somewhat similar to yours and I'm glad to hear your news!
6:00am • #6
389,613 Points 74 Featured Posts Outside Blog
Lots of colors...market reports gets lots of coverage for me on google. Ive been extremely busy so I guess it is picking up.
6:46am • #7
JAN
18
2008
2 Featured Posts
Hmm, you know that is not nearly as bad as I thought it might be - Lance
12:08am • #8

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Renee Burrows - Las Vegas NV. ASK ABOUT -1st Time Buyer Down Payment Assistance!

Las Vegas, NV

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