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Las Vegas NV Area Pendings Report for March 2010 (includes Henderson & North Las Vegas)



Las Vegas Real Estate Inventory has stabilized after the months of increase following the first time buyer's tax credit expiration.  Against my predictions, we are still a seller's market after flirting with stable market territory for months. .
Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas)
Listings (4/15/2011):  14125 Under Contract (4/15/2011):  13051 Sold March 2011:  4159 Short Sales:
50% of Listings 24% of Sales REO (Foreclosures, Bank Owned:)
20% of Listings 51% of Sales In One Month:  Listings are DOWN -318 units, Contracted Listings UP +526 units, Sales are UP +909 units.  Close ratios are going lower because much of the pending inventory is short sales which requires LONGER close times. 
 DOWN PAYMENT ASSISTANCE HAS NOT ENDED FOR FIRST TIME BUYERS, HOWEVER!!
Last Month's Pending Report
For Most Current Las Vegas Real Estate Inventory Market Report Click Here.
What Areas Do You Cover for your Las Vegas Area Real Estate Market Reports?
General Las Vegas Area Real Estate Market Reports are for MLS Areas 101-606 (the average consumer probably asks, what’s that?)  It means that I cover the cities of Las Vegas, Henderson, North Las Vegas including unincorporated Clark County Townships of Whitney, Paradise, Winchester, Enterprise, Sunrise ... more

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