Bank Owned Las Vegas Listings (AKA Foreclosures, REOs) are seeing some absorption! Inventory has risen slightly (+121 units), Pendings have risen considerably (+204 units) and closings have gone up too (+27 units). Monthly absorption rate down slightly by a half a month!
Current Listed Bank Owned Statistics:
- Listings (12/26/2007): 2150
- Under Contract (12/26/2007): 572
- Closed (11/19-12/19/2007: 240
- Absorption Rate: 9 Months Inventory
If you are considering buying in this submarket, beware that it is moving!All statistical information I used to create this report was obtained from GLVAR MLS. Information Deemed Reliable but not Guaranteed.