Las Vegas home sales back on the rise in March. Click for Graph.
There are 966 bank owned (REO) single family homes available for sale in Vegas today.
There are 3400 short sales for sale in the same areas. We have 4021 single family homes for sale that claim to NOT be bank owned or short sales - about 50% of the market.... Closing 4000 per month, as in Mar, we have a 2 month supply of homes.
Ignore the short sales, because only 5% ever close, and it is a 5 week supply. That makes it tough to get one in contract! I can help. Call me.
