April Closings Reveal Increased Short Sale Activity

The Las Vegas real estate market continues to shift to a more short sale oriented market.  April 2010 number’s reveal 33.5% of all detached housing closed for the month were short sales.  This is up significantly versus last year where 12 to 13% was the market share.  REO home closings are down to 54.1% of total closings.  This represents a big pull back from market highs of just over 80% early last year. 

Quick look:  2879 closings | 1559 REO, 966 short sales, 354 equity sales or other.