Las Vegas Valley Market Update

The supply inventory of single family residences continues to be very limited and we are seeing a larger demand in Las Vegas, Nevada. Of course, this drives the prices up. There are multiple offers on most of the bank owned properties, so you are competing to have the highest offer. The short sales have been closing in a timelier manner and have a higher percentage of them closing. When short sales used to take 2-6 months on an average to close (sometimes longer than 12 months), they are now around 1-3 months. As of 2/13/12 according to the multiple listing service there are only 9185 total available single family residences available for sale in the valley (includes Henderson, Las Vegas, and North Las Vegas) which is extremely low-especially considering the fact that we have almost 2 million people living here.

Tammy Abbott
Results Realty
Owner/Broker


Results Realty
(702) 685-9999
805 S. Rainbow Blvd.
Las Vegas, NV 89145

E: results@rrvegas.com
W: rrvegas.com