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Showing posts from June, 2009

BREAKING LAS VEGAS NEWS: Homes inventory is dropping, Multiple offers on homes…Vegas is heating up..

BREAKING LAS VEGAS NEWS: Homes inventory is dropping, Multiple offers on homes…

Vegas is heating up again…it is that time of year both in the housing market and the temperatures (although you wouldn’t know it by looking out the window this morning looks like a storm is coming and the past few days have been cooler than normal).

The amount of Single Family homes for sale on the MLS has dropped and the amount of homes in Pending or Contingent status (this means they have contracts on them) has increased to more than the amount of homes for sale. This may be in part due to Short Sales taking longer to actually close than a typical sale, although I have been seeing some short sales close in 60 days from list to close, but I don’t believe that is the norm.

This information was obtained from our local MLS this am and covers the Las Vegas valley, North Las Vegas, Summerlin and Henderson area for resale single family homes, not new homes.

Homes for sale in Las Vegas are comprising primarily o…