Las Vegas Area October 15, 2009 Active Listings by Type
- REO: 2144 (21%)
- Short Sale: 4591 (44%)
- All Other: 3636 (35%)
September 2009 Sales by Type:
- REO: 2869 (69%)
- Short Sale: 592 (14%)
- Other: 707 (17%)
This is just a guide for consumers to see what types of properties are closing vs what is listed. Currently we have the most closes in the REO sector and the least inventory in the REO sector and it is an extreme seller's market.
Click here to see last month's Listing and Sales Type Report
Renee,
Short sale listings dominate but then fall way back on the sales side. Whereas REO listings aren't that much but stand tall on the sales side. Intriguing.
Esko: That basically means too many people are fishing in the same pond. I believe shorts are the current wave for buyers if you can find the "right" one (motivated sellers with a decent hardship)