Las Vegas Housing Inventory

Vegas Valley Inventory - Las Vegas, NLV, Henderson

Our current inventory as of  12/04/2014

Total on the market- 7905 Single Family Homes

319- Foreclosures / REO

1041- Short Sales

We are seeing an increase in the inventory.  The biggest problem is over priced listings.  It seems many real estate agents are doing a disservice to their clients by putting these listings on at such a high price they will not sell.   Agents who are pricing their listings correct are selling quickly.  This doesn't not mean below market value, but close to / higher than previous sales in its neighborhood.   Pricing and a good selling strategy is what is giving sellers the most advantage. 

RE Las Vegas, North Las Vegas and Henderson, Nevada:
We are see prices drop.  Homes are taking longer to sell.  Several homes on the are still over priced.

 

 

 

 

Las Vegas Real Estate Market Report: 09/24/14

This is the latest Las Vegas Real Estate Market Report for the week,

data is obtained from the Greater Las Vegas Association of Realtors MLS.

Single Family Residence (SFR)                                                         

Single Family Residence (SFR)                                                         

Available – 7,964 (+114, Last Week 7,850)

Under Contract – 5,632 (-32, Last Week 5,664)

Days of Supply – 43 (+1, Last Week 42)

Short Sales – 3,742 (-22, Last Week 3,764)

                                                               

Condominiums and Town Homes (CONDO/TH)                                                              

Available – 1,980 (+9, Last Week 1,971)

Under Contract – 1,072 (+14, Last Week 1,058)

Days of Supply – 56 (+0, Last Week 56)

Short Sales – 786 (+2, Last Week 784)

                                                               

Combined SFR + CONDO/TH                                                             

Available – 9,944 (+123, Last Week 9,821)

Under Contract – 6,704 (-18, Last Week 6,722)

Days of Supply – 45 (+1, Last Week 44)

Short Sales – 4,528 (-20, Last Week 4,548)

LAS VEGAS HOUSING INVENTORY, ENTIRE VEGAS VALLEY - LAS VEGAS HENDERSON, AND NORTH LAS VEGAS

It's looking like we have really leveled out with prices and inventory.  It now seems like our biggest obstacle is over pricing.  20-30% of the homes seemed to be over priced to a point that there is no way they will appraise.  Agents are taking listings and putting them on with no intention of selling them.  
Here are the inventory numbers for the Las Vegas Valley 4pm 08/18/2014:

SFR total: 8046 of which 944 are short sales and 300 are REO/Foreclosures. 

If you would like more information regarding Las Vegas homes please call or email me.  This is a free service I provide my clients.