From The Trenches

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)