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Las Vegas NV Area Pendings Real Estate Market Report for February 2012 (includes Henderson & North Las Vegas)



Las Vegas Real Estate Inventory is seeing a major decrease as the aftermath of NV AB 284. Active listings are down again for the 15th month in a row! 2012 will be another interesting year for Las Vegas Real Estate!
Las Vegas Area Market Activity (Includes North Las Vegas, Henderson and Las Vegas)
Listings (3/15/2012): 7259 Under Contract (3/15/2012): 14665 Sold February 2012: 3639 Short Sales:
41% of Listings 30% of Sales REO (Foreclosures, Bank Owned:)
17% of Listings 44% of Sales In One Month: Listings are DOWN -1921 units, Contracted Listings UP +1292 units, Sales are UP +156 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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