Henderson Real Estate Market Report - REOs, Short Sales and Regular Sales - July 2012
In a previous post we looked at general trends in the Henderson Nevada real estate market. Now we'll take a closer look at the sectors of that market -- REOs (bank owned homes), short sales, and regular sales.
Overall we have only 1.6 months of Henderson real estate inventory, but each sector tells its own story. Here are the current figures for Henderson REOs, Henderson short sales, and 'regular' Henderson home sales.
Absorption is the number of months it would take to sell the available inventory at current sales rates. (Available Inventory/July Sales = Absorption Rate). We have just two weeks of REO inventory, compared to almost 3 months of regular equity sales.
Distressed properties (REOs and short sales) make up 29% of the Henderson real estate market ...
... but account for 84% of the current escrows.
To find out more about buying or selling real estate in Henderson Nevada, just give me a call at (702) 339-9700, or email me at JohnNovak@kw.com.
(GLVAR deems information reliable but not guaranteed. Data is for MLS areas 601-606.)
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