Real Estate Coach, Julie Youngblood, shares the current real estate market update for Las Vegas.
The Market Stats for Las Vegas are as follows:
6,080 SFR homes are listed in available status in the MLS.
733 are short sales
313 are bank owned
5.034 are traditional sellers
Last week there were 819 SFR homes that accepted an offer.
227 were short sales
58 were bank owned
534 were traditional
Last week there were 471 closed properties.
109 were short sale
35 were bank owned
327 were equity
There were 49 non-short sale/bank owned homes that failed to sell, went into Expired status in the MLS.
There is currently a 7.5 week supply of homes on the market.
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