Inventory is starting to decline which indicates that our market is gradually getting back in balance.  Although many of the existing listings are bank owned, pre-foreclosure or short sales, this is necessary to start the process of getting our listings and sales back in balance.

Ultimately, 50% of our inventory is Vacant & approx. 75% of those in escrow are vacant as well.  Most likely investor or bank owned inventory.  This is GOOD news for our market! Las Vegas Real Estate

 
Post is included in group: Las Vegas Real Estate

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Sue Nelson, Broker/Associate Las Vegas Real Estate ~Team Rhino~

Las Vegas, NV

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ERA Sunbelt Realty

Office Phone: (702) 360-9790

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