Las Vegas Market Stats
Monday, April 2, 2012 at 10:39AM 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.
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