Steady as she goes is the current theme, while we are not in a total recovery we continue to see positive signs. Last week 5-27-08, 551 homes were put under contract and our on hand inventory has fallen to 19,771 a far cry from the mid 25,000 homes of last year. Year to date the Las Vegas market has closed 7246 re-sale homes.
Bank Owned homes dominate the sales but they are selling fast as well. In many situations these bank owned homes are now being bid up with multiple offers.
Its a great time buy !
