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

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

04/16/2008 10:00 PM by Ray Nellum, Fort Smith Real Estate (Ramona Roberts Realtors)

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.

04/28/2008 04:14 PM by J.P. Benedict (Long Realty, The FOX Group)

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.

05/14/2008 11:54 PM by Renee Burrows - Las Vegas NV Real Estate (Nevada Realty Solutions)

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Real Estate Agent: Renee Burrows - Las Vegas NV Real Estate (Nevada Realty Solutions)
Renee Burrows - Las Vegas NV Real Estate
Las Vegas, NV
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Nevada Realty Solutions

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Page copy protected against web site content infringement by CopyscapeSpecializing in those forgotten "at" Rhodes Ranch Communities in Southwest Las Vegas that offer peek-a-boo views of the mountains and city lights! I love to watch trends and statistics in this fascinating market! I do have a newsletter that you can subscribe to - so if you want to keep in tune with the Las Vegas Real Estate Market Conditions on a monthly basis, sign up with absolutely no obligation!
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