Just a quick update on the Las Vegas housing market inventory as of October 20th, 2012 - REAL SELLERS ARE BACK!
For the past several months, the available inventory of single family homes in Las Vegas has hovered at right around the 4,000 mark, indicating that the supply is being snapped up as soon as it is listed. But of the 4032 currently active (not under contract) single family home listings in the metro Las Vegas, North Las Vegas and Henderson areas, only 818 are short sales and only 335 are bank owned. This means that 2879 homes, or 71.4%, are "REAL" sellers.
Prices are continuing their upward trend (resale prices have increased more than 12% since January 2012), and new home builders have significantly decreased and/or eliminated credits for homebuyers on new construction (though there are still some great deals on standing inventory when available). Buyers are still competing with multiple offers on appropriately priced properties.
Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052
With over 30 years of experience helping families call Las Vegas "home!"
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