Where did the FOR SALE Las Vegas Homes Go?

Reposted with permission from Writer/Owner; Here is an update to the state of the greater Las Vegas market.  We continue to experience an artificial shortage of available homes for purchase.   Our own market tracking here at RE/MAX Advantage reports as of 10/20 there were only 8076 single family homes on the market.  46% of those were short...

Las Vegas Real Estate Median Price Report April 2009

Values Defy Expectations of Stabilization. While Las Vegas real estate inventory continues to evaporate at an increasing rate, prices are are still falling.  Are we near the bottom?  Tough to tell.  Monthly decline across the Las Vegas MLS was 6.2 percent.  Smaller declines were in homes where the Average Joe lives.  This fact might suggest...

Las Vegas Weekly Market Snapshot 3.9.2009

Pending Sales blast through 8000!  In Las Vegas, this past week, homes under contract surpassed the 8000 mark – a point not seen since late 2006.  Higher pending sales today mean higher closings tomorrow.  Today’s market is a gift.  Home prices not seen since the 1990’s, and interest rates under 5% are creating an incredible home buying...