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

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

Las Vegas Area Homes for Sale

Las Vegas Area Homes for Sale

Las Vegas Area Real Estate Market Report and Absorption Rate

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 (4/15/2012): 5817
  • Under Contract (4/15/2012): 15560
  • Sold March 2012: 4219

Short Sales:

  • 34% of Listings
  • 27% of Sales

REO (Foreclosures, Bank Owned:)

  • 17% of Listings
  • 43% of Sales

In One Month: Listings are DOWN -1442 units, Contracted Listings UP +895 units, Sales are UP +580 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 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.

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

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Real Estate Market Trends
Location:
Nevada Clark County North Las Vegas Rose Lake
Groups:
Market Updates
Posts to Localism
Las Vegas Foreclosures - Homes, High-Rises-Condos
City and State
Market Reports
Tags:
las vegas nv real estate
las vegas homes for sale
las vegas market report

Spam prevention
Show All Comments
Rainmaker
623,234
Morgan Evans
Douglas Elliman Real Estate - Manhattan, NY
LICENSED REAL ESTATE SALESPERSON

Market statistics are always useful, the total number of listings down, the numbere of properties going into contract to me show signs of an active market, where the best priced properties receive lots of interest.

May 07, 2012 12:34 AM #1
Rainmaker
934,875
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Hi Renee - When I see more pendings than listings, I think sellers market. I hope that's what you have in Las Vegas because I'm tired of the buyers market and I'm ready for a change. Have a great week.

May 07, 2012 12:36 AM #2
Rainmaker
3,512,827
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Renee, interesting..I don't think I have ever done a full report on pending sales, but you may have just convinced me to do so :-)

May 07, 2012 01:00 AM #3
Ambassador
1,626,238
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

Look at those INCREDIBLE absorbsion rates.  You are so blessed to be in the HOTTEST MARKET in the country.

May 07, 2012 08:59 AM #4
Rainmaker
1,343,790
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Renee - It is AWESOME pendings in Las Vegas have increased so much, hopefully a quick sale will follow.

May 07, 2012 09:58 AM #5
Rainer
387,759
Doug Anderson
Tucker Associates Real Estate Services - Danville, CA
Bay Area Real Estate Views

WOW WOW WOW...look at those inventory numbers. I hope you are staying busy and that all is well!

May 07, 2012 01:37 PM #6
Rainmaker
1,283,489
Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi
NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656 - New Lenox, IL
708.921.6331 - 40+ yrs experience

Renee:  I'm going to get you a crown for your head ... as you're definitely the Queen of Statistics and Marketing Reports.  Not only informative ... but beautiful to view.  As the song goes ... "Nobody does it better"!

Hope all is well with you and your furry "kids"

Gene

May 08, 2012 02:31 AM #7
Ambassador
1,513,657
Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thank you all for the comments!

Doug & Gene:  All is well just VERY busy!

May 27, 2012 01:42 AM #8
Show All Comments

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

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

Ambassador
1,513,657

Renée Donohue~Home Photography

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

Additional Information