Just a few months ago short sales and foreclosures were dominating the Las Vegas real estate market with short sales counting upwards of 42% of the homes for sale in Las Vegas.
Right now traditional sales (those that are not short sales or foreclosures) are dominating the market at about 59%. As we have seen overall homes for sale inventory continue to drop this year so too are the short sales.
Las Vegas short sales for sale have dropped down to about 29%, but we may start to see a rise in them as well as foreclosures in the next few months as lenders start to step up the pace on foreclosures and offer homeowners the option of doing a Las Vegas Short Sale instead of letting the home go into foreclosure.
Nevada/Las Vegas REO, Fourclosure, Short Sale Specialist Las Vegas Real Estate Agent ready to help you sell your home.
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Dawn Barrier EXP REALTY Las Vegas (702) 812-4550
Any Stats are on Resale Single Family homes only per the GLVAR MLS as of this writing or as noted,covers the Las Vegas Valley, North Las Vegas, Henderson area or as noted.
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