It seems like the downward spiral of available housing inventory for the Las Vegas real estate market has finally stabilized, and it even increased slightly during the month of July. The number of actively listed single family homes went from 3785 at the end of June to 3953 at the end of July. (These figures do not reflect properties already under contract and in contingent or pending status.)
The market breakdown at the end of July looked like this:
- 527 homes priced under $100k - including 161 short sales and 74 foreclosures
- 1410 homes priced between $100k and $200k - including 418 short sales and 164 foreclosures
- 796 homes priced between $200k and $300k - including 194 short sales and 77 foreclosures
- 406 homes priced between $300 and $400k -