Real Estate Blog - Las Vegas, NV REO Inventory Update March 2008

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Las Vegas, NV REO Inventory Update March 2008

Las Vegas Foreclosure Listings

Bank Owned Las Vegas Listings (AKA Foreclosures, REOs) are seeing some absorption! Inventory has risen slightly (+161 units), Pendings have fallen slightly -77 units. Closing data is unavailable due to MLS changes (SORRY!) ALSO~ since these numbers were pulled (13 days ago) inventory has risen by 1000 units.

I would say with the current frenzy this is officially a seller's market.

Current Listed Bank Owned Statistics:

Listings (4/3/2007): 2377
Under Contract (4/3/2007): 1033
Closed: no data available until May Report
Absorption Rate: No Data Available Until May Report

View Last Month's Report Here

If you are considering buying in this submarket, beware that it is moving!

All statistical information I used to create this report was obtained from GLVAR MLS. Information Deemed Reliable but not Guaranteed.

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Posted by Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR on 04/16/2008 09:47 PM

Comments (3)

las vegas foreclosures, las vegas nv real estate

Originally posted at: Nevada Real Estate >> Las Vegas Real Estate Specialist: Las Vegas, NV REO Inventory Update March 2008

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3 Comments on Las Vegas, NV REO Inventory Update March 2008

APR

2008

Renee, good to see a shift in your market with a current frenzy.

APR

2008

Renee-It's great to see an agent work so hard to provide great content on their blog. That's no doubt a recipe for success.

MAY

2008

Ray: It has been loony here since the turn of the New Year, I saw this coming back in October!!! I am surprised at how quickly it turned!

JP: Thank you so much! Not too many of the masses appreciate market reports but they are essential. My clients need to know what is going on so they can be prepared psychologically to buy or sell.

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