Monday
May142012
Las Vegas Market Stats!
Monday, May 14, 2012 at 10:51AM The Stats are in!
I switched it up a little bit. From now on, the stats will only reflect SFR. In other words, no condos, multi-family or land.
There are currently 4,048 homes available. 12% are Bank Owned (only 501). 27% are Short Sales and 61% are Equity Sellers.
Last week 899 went into escrow. 24% are Bank Owned. 44% are Short Sales and 32% are Equity Sellers.
Last week 548 homes closed escrow! 31% are Bank Owned. 33% are Short Sales and 36% are Equity Sellers.
Last week alone, 48 Equity Sellers Expired and fell off the market. This is an opportunity for agents!
Our market has gone from a healthy 6 month supply of homes just 6 months ago to this.... We have roughly a 1 month supply of property! Supply is low, demand is high!
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