Las Vegas Real Estate Market Update - 9/23/13

The Las Vegas real estate market is certainly in the midst of a shift.  The only way to recognize that is to be a student of the market!

As of today there are 6,241 SFR homes on the market. 

343 are bank owned

768 are short sales

5,130 are traditional sales

Last week there were 771 homes put into escrow.

34 were bank owned

236 were short sales

501 were traditional sales

Last week there were 522 closings.

27 were bank owned

115 were short sales

380 were traditional sales

Last week 44 homes failed to sell and went into expired status.  None of these homes were short sale or bank owned.