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.
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