The latest seven day price reduction report is showing up as 2,971 Las Vegas homes reduced in price for the past seven days. Since I first started glancing at this back in January it's been consistently hovering right under the 2,000 range until I noticed the big number for today.

For Las Vegas real estate sellers, if you have not had a price check or status report for a couple of months, you probably should get one since there has been a consistent reduction in prices this year - especially for the bank owned homes.

There are some positive signs taking place and a quick check on the Las Vegas MLS for areas 101 through 606 for Las Vegas Homes listed as Bank Repos showed a number of 2,230 available for sale today and 928 Las Vegas Bank repos with a Contingent or Pending Status. You can read about more detailed activity at this Las Vegas Bank owned homes report.

Paul Francis, ABR,CRS | Coldwell Banker Premier | Las Vegas Real Estate | 702.592.3058