Las Vegas Market Stats

It's already been another week since our last look at the market stats for real estate in Las Vegas. 

Here's what we've got!

Available:  6,540 SFR and Condos

16% of those are bank owned

36% are Short Sales

48% are regular equity listings (That's CRAZY)

New Escrows: 1,635 SFR and Condos

28% of those are bank owned

47% are Short Sales

25% are regular equity listings

Closed Escrow: 1,150 SFR and Condos (Month end so number is larger than normal!)

40% of those are bank owned

25% are Short Sale

35% are regular equity listings

As of today, if we didn't put one more home on the market, we would have just over a 5 week supply of homes.  What does it mean?

Competition is fierce right now.  It's like a perfect storm!  GREAT prices and killer interest rates.  It's great for Sellers and Buyers.