Created by RE/MAX Advantage for RE/MAX Advantage.
Headline
Market activity struggles to keep pace with inventory growth. New listings grew by almost 2% in the past week while pending sales by increased 1.2%. How much of the inventory is increase in seasonal? We'll crunch some numbers in time for next snapshot.
The last 7 days of the Las Vegas valley marketplace
Total Listings SFR 18229
Condo/TH 7393
Total 23637 (up 4165 (25.9%) since 1/1)
Vacant units SFR 41% (unchanged)
Condo/TH 52% (unchanged)
Total 43% (unchanged)
Total Pendings SFR 2617 (+26/week)
Condo/TH 583 (+10/week)
Total 3200 (+36/week)
Short Sales SFR 1273 (7% of total listings)
Condo/TH 155 (5% of total listings)
Total 1428 (6% of total listings)
Pending Index 135 (-1 from last week)
Supply (months) 13.72 (16 day increase in last 7 days)
March Solds 1931 (4th straight monthly increase)
Monday's 30yr fixed 6.125% 1pt originatio
Unchanged from last week
Weekly snapshot is computed every Monday after 12 noon. Pending index (pi) is relationship to inventory. Index set on 153 on 1/1/2007. 300 is considered a market in relative equilibrium. Shortsales are available listings as indicated in the MLS. All data taken from the GLVAR MLS. All homes (not manufactured) condos and townhomes are included in this date located in the immediate Las Vegas valley (mls 101-606)
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