Las Vegas Real Estate Market Stats!

Are you ready for this??  Here they are!!

There are currently 5,105 homes available in the Las Vegas area!

30% are Short Sales

13% are REO

57% are Equity

Last week 1,444 properties accepted a contract and were taken off the market.

45% were Short Sales

27% were REO

28% were Equity

There were 865 homes that closed escrow!  DONE DEAL!

31% were Short Sales

31% were REO

38% were Equity

It's crazy to even say, they are only 660 Bank Owned homes available on the market right now.  With the current sales rate, we literally have a 1.7 week supply of REO's... it wasn't even 6 months ago that they were DOMINATING our market.

News you can use folks, now go educate some clients and get some deals on!