Renee has shown that REO's are the most actively sold and has the least amount of inventory. This is a good snapshot of the Las Vegas market.
Las Vegas Area July 15, 2010 Active Listings by Type
- REO: 2738 (20%)
- Short Sale: 6144 (44%)
- All Other: 5020 (36%)
June 2010 Sales by Type:
- REO: 1590 (44%)
- Short Sale: 1148 (32%)
- Other: 873 (24%)
This is just a guide for consumers to see what types of properties are closing vs what is listed. Currently we have the most closes in the REO sector and the least inventory in the REO sector and it is an extreme seller's market.
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 101-605 (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 Manor & Spring Valley. They do NOT cover the areas of Boulder City, Pahrump, Laughlin, Moapa or Mesquite.
View More FAQ About My Las Vegas Area Real Estate Market Reports.