The best time to buy Las Vegas Real Estate is NOW.  There is currently less on the market but there is still MUCH  for sale.  Many bank owned properties are dealing with multiple offers, I'm seeing and dealing with it everyday.  Sellers are becoming more realistic with their pricing, and not trying to get the money out of their home that they would have got a few years ago....property sales are currently just above what they were when the market went wild a few years ago and everything sold overnight.  In my humble opinion the 'correcting' has been done.

• Total number of single family homes/condos/townhouses between June 1 and July 26, 2008 is 4,697.  That's almost 2,500 per month.
  
• Lisings on houses, condos and townhouses have increased decreased 28,315 the first of June to 22,327 currently for sale
• There are currently 7,266 homes currently in escrow
• Many of these homes are REPO/REO (5,081), Short Sales (6,207), Foreclosures (720).  That is HALF of the homes currently for sale (bullet point 2)
• These figures do not take into account land, commercial, business opportunities, etc.

All information is per the GLVAR MLS service and is deemed accurate but not guaranteed.

For ALL your real estate needs be sure to call or e-mail me.

www.MaryWarren.com