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Las Vegas NV Area Pendings Report for December 2011 (includes Henderson & North Las Vegas)



Las Vegas Real Estate Inventory is seeing an unusually large amount of units closed for winter. Active listings are down again for the 13th month in a row! 2011 proves to be an interesting year for Las Vegas Real Estate!
Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas)
Listings (1/15/2012): 10446 Under Contract (1/15/2012): 12380 Sold December 2011: 4098 Short Sales:
47% of Listings 27% of Sales REO (Foreclosures, Bank Owned:)
20% of Listings 48% of Sales In One Month: Listings are DOWN -793 units, Contracted Listings DOWN -525 units, Sales are UP +314 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 ... more

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