Las Vegas NV Area August 2009 REO Inventory Update: Not Much Out There (less than one month inventory!)

By
Services for Real Estate Pros with Savvy Home Pix B.1000860.LLC

Las Vegas Area REO Homes For Sale

Inventory has fallen since last report (-270 units), Pendings have risen (+9) units  Closing data is DOWN at -541 units.   Low interest rates have spurred a flurry of buyer interest & activity this December and it continues.  

REO sales accounted for 72% of all Las Vegas Area Valley resale closings in August 2009.  REO listings account for only 22% of total resale listings.

Multiple offers are streaming in as banks continue to lower to fire and auction sale prices.

Current Listed Bank Owned Statistics:

  • Listings (9/15/2009): 2379
  • Under Contract (9/15/2009): 5245
  • Sold August 2009:  2874
  • Absorption Rate:  0.8 Months (THATS LESS THAN ONE MONTH = VERY LITTLE INVENTORY)

View Last Month's Report Here  

To find the most recent report, click here

Posted by

Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®
 

 

copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

Blog Disclaimer Important Notice

Realtor/MLS Member, NAR, NVAR, GLVARAccredited Buyer's RepresentativeSeller Representative SpecialistSenior Real Estate SpecialistAt Home with DiversityResort & Second Home Property SpecialistShort Sale Foreclosure Resource

 

 

 

Sell Las Vegas Home          Las Vegas Homes for Sale     Las Vegas Rental House

              

 

 

 

close

Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Kimberly Dearth 10/05/2009 05:25 AM
Topic:
Real Estate Market Trends
Location:
Nevada Clark County Las Vegas Breamoor Heights
Groups:
Las Vegas, NV Area Real Estate Professionals
Market Updates
City and State
Las Vegas Foreclosures - Homes, High-Rises-Condos
Market Reports
Tags:
las vegas listings
las vegas homes for sale
las vegas foreclosures
las vegas nv real estate

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Ambassador
1,510,732

Renée Donohue~Home Photography

Western Michigan Real Estate Photographer
How May I Assist You With Your Las Vegas Real Estate Needs?
*
*
*
*
Spam prevention

Additional Information