SPRING HAS SPRUNG! Â I am happy to report thatÂ Las Vegas home inventory is slowly but surely decreasing! Â Even though we never emerged out of our sellerâ€™s market to a stable market, we are experiencing some declines and it depends on what area or subdivision.
We are still a sellerâ€™s market but close to a stable market. Â Our absorption rate is â€œhanging in thereâ€ at right at 4 months of inventory which indicates a seller’s market.
This is due to smaller inventory increases than previous months. Â Inventory decreased for the fourth time since the tax credit for first time buyers expired.
TheÂ Las Vegas REO (foreclosures, bank owned) sector remains a strong sellerâ€™s market at or below 2 months of inventory & theÂ Las Vegas Short Sale sector remains a buyerâ€™s market with a Â little over 7 monthâ€™s of inventory.
Las Vegas Home Sales were strong with 4159 units sold.
Rhodes Ranch Area â€“ this community is special and my favorite so it gets itâ€™s â€œOWNâ€ Market Report.
Las Vegas Area Market Activity â€“ shows general Las Vegas Market Activity, Trends & Absorption
Las Vegas Area Sales by Type â€“ Four Graphs to Show Las Vegas Area Sales Trends.Â See what percentage of Las Vegas Area Sales are Short Sales, REO (bank owned) & Standard Sales!
Las Vegas Area Sold Terms â€“ Various Graphs and Charts that show what percentage of homes were Cash only or Financed.Â Financed homes divided by Cash, Conventional, FHA or VA.
Las Vegas Area Concession Stand â€“ Shows what percentage of concessions (or closing costs) sellers are giving buyers.
Las Vegas Area REO or Bank Owned Homes â€“ Comprehensive Reports on Las Vegas Area REO including financing profiles by price pointÂ and absorption rate.
Las Vegas Area Short Sale Homes â€“ Comprehensive Reports Detailing Short Sale Listing, Contract & Sold Stats.Â Includes Absorption Rate.
Enjoy and feel free to ask questions about these reports or trends right here
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