BluefoxToday blog : Las Vegas NV Area Market Watch April 2010

Las Vegas NV Area Market Watch April 2010

Las Vegas Area Homes for Sale

Las Vegas Area Real Estate Market Watch was created for informational purposes only. 

This is for all the buyers wondering "where is the inventory"?  The inventory is here, this graph shows that buyer interest is extremely high and gobbling up all that new inventory coming online!

This is also for people saying "shadow inventory exists"!  Well I believe it exists but it also exists in short sales which has tripled to quadrupled it's formerly stagnant close ratio since late spring.

These are Listing/Under Contract & Pending/Sold Trends from December 2007-March 2010.

I do expect a frenzy of pendings & closes as the tax credits for first time buyers comes to a contracted halt at the end of April. Pendings have also begun their traditional "spring" rise.  Let the closings begin!

Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®


copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

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Comment balloon 7 commentsRenée Donohue~Home Photography • May 26 2010 08:06PM


What steps do you do differently to do this kind of graph chart instead of your pie chart? I have to experment with this one next.

Posted by Cheryl Ritchie, Southern Maryland 301-980-7566 (RE/MAX Leading Edge almost 10 years ago

Projecting forward, it looks like you will soon be out of a job....the entire market will be "under contract".  Then nothing will be available to sell.

Posted by Jim Hale, Eugene Oregon's Best Home Search Website (ACTIONAGENTS.NET) almost 10 years ago

I like this chart a lot. . .. very clear message to the reader at one glance.

Posted by Fernando Herboso - Broker for Maxus Realty Group, 301-246-0001 Serving Maryland, DC and Northern VA (Maxus Realty Group - Broker 301-246-0001) almost 10 years ago

Cheryl:  I just click on the chart feature rather than the pie feature in excel ;)

Jim:  Actually not really.  It's been a rough year for getting buyers into contract but with the tax credit expiring we are seeing some inventory build - not all bad :)

Fernando:  Thank you!

Posted by Renée Donohue~Home Photography, Western Michigan Real Estate Photographer (Savvy Home Pix) almost 10 years ago

Renee - It's amazing watching the Las Vegas NV home inventory disappear.

Posted by Michelle Gibson, REALTOR (Hansen Real Estate Group Inc. ) almost 10 years ago

Those UC's are scaring me here.  Can't you get those "shorclosures" to the table, Renee? Just DO IT!

Posted by Kevin J. May, Serving the Treasure & Paradise Coasts of Florida (Florida Supreme Realty) almost 10 years ago


The Under Contract bars keep getting longer while the Sold bars sort of stay the same. Escrow fall-outs I guess.

Posted by Esko Kiuru almost 10 years ago

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