Las Vegas Real Estate Market Report: 09/02/09

This is the latest Las Vegas Real Estate Market Report from www.NARREIA.com (National Association of Residential Real Estate Investment Advisors).

For the week of September 2, 2009, data is obtained from the Greater Las Vegas Association of Realtors MLS.

Single Family Residence (SFR)

• Available – 8,692 (-113 , Last Week 8,805)
• Under Contract – 11,254 (-143 , Last Week 11,397)
• Days of Supply – 23 (+0 , Last Week 23)
• Short Sales – 9,764 (+50 , Last Week 9,714)

Condominiums and Town Homes (CONDO/TH)

• Available – 2,698 (-43 , Last Week 2,741)
• Under Contract – 2,726 (+44 , Last Week 2,682)
• Days of Supply – 30 (-1 , Last Week 31)
• Short Sales – 2,681 (+44 , Last Week 2,637)

Combined SFR + CONDO/TH

• Available – 11,390 (-156 , Last Week 11,546)
• Under Contract – 13,980 (-99 , Last Week 14,079)
• Days of Supply – 24 (-1 , Last Week 25)
• Short Sales – 12,445 (+94 , Last Week 12,351)

Are you a Las Vegas Homeowner facing a possible foreclosure or considering a short sale?

Contact us for a free consultation regarding your options – there are solutions!

Call  702 – 497-7705