Las Vegas Area June 15, 2010 Active Listings by Type
- REO: 2146 (20%)
- Short Sale: 4559 (43%)
- All Other: 3843 (37%)
May 2010 Sales by Type:
- REO: 1464 (42%)
- Short Sale: 1039 (29%)
- Other: 1010 (29%)
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,I am always amazed with the proportion/high number of short sales and reos in your area...great report!
Renee: So many short sales and it is not letting up....we're the same here.
Renee - great post and information. There are a lot of short sales and REO's and we are seeing more in this area as well.
Renee, are your traditional Sellers being swept under the carpet by this activity, they're seemingly diminished though your market remains extremely strong. A pricing perspective showing year over year would be a fabulous insight for me. Great informative posts Shack Diva, lovin' it!
Only 29% are non-distressed sales--shocking stats, Renee! I know you're glad to see the supply dropping though. That is GREAT news for you guys. I read an article this morning that we're headed for short-supply here soon. Honestly, I'm looking forward to seeing some new construction again.
Renee....I love you but I hate your graphs! How did you do that? I need to do graphs like yours!
Renee,
Short sale listings are coming on strong and soon they'll likely overtake REOs in sales.
Renee, I love how you change up the graphs and keep things fresh.