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Market Update (RSS)
Come Home To Las Vegas
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Inventory: The number of resale homes on the market (those listed with Realtors and posted in the Multiple Listing Services) fell by 535 units during the past week causing total inventory to reach 19,888 homes. Compared to the same week of the prior year,
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Not too much movement since last week but some more Pending so buyers are writing offers. See Stats Here
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Slow but steady ComeHometoLasVegas
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LAST UPDATED: December 8, 2008 Single Family Condo/Townhome # Listed # Sold # Listed # Sold 2004 60,661 35,260 58% 2004 11,306 7,581 67% 2005 57,943 33,529 58% 2005 11,474 7,872 69% 2006 64,049 24,130 38% 2006 15,589 5,826 37% 2007 62,783 15,279 24% 2007
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Single Family Residence On The Market 16,930 Bank Owned 6,122 Short Sale 5,625 Foreclosures 633 Pending/Contingent 5,283 Homes Sold 422 Condo/Townhouses On The Market 4,607 Banked Owned 1,591 Short Sales 1,159 For eclosures 89 Pending/Contingent 1,046
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Single Family Residence On The Market 16,968 Bank Owned 5,973 Short Sale 5,586 Foreclosures 632 Pending/Contingent 5,260 Homes Sold 376 Condo/Townhouses On The Market 4,603 Banked Owned 1,570 Short Sales 1,120 For eclosures 84 Pending/Contingent 980 Homes
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ZIP CODES 89134 and 89138 and 89144 Single Family Residence On The Market 611 Bank Owned 97 Short Sale 155 Foreclosures 14 Pending/Contingent 164 Homes Sold 17 Condo/Townhouses On The Market 145 Banked Owned 25 Short Sales 22 For eclosures 0 Pending/Contingent
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After several years of overvaluation based on factors including historic median prices, household income, interest rates and population density, Las Vegas now faces serious undervaluation: Third quarter 2004 Third quarter 2005 Third quarter 2006 Third
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