Las Vegas Available Homes Drop Under 4,000

Las Vegas Real Estate Market Report: 05/16/12 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 May 16, 2012, data is obtained from the Greater Las Vegas Association of Realtors MLS. Single Family Residence (SFR)  Available - 3,998 (-185, Last Week 4,183) Under Contract - 13,439 (+122, Last Week 13,317) Days of Supply - 9 (-1, Last Week 10) Short Sales - 11,061 (+17, Last Week 11,044) Condominiums and Town Homes (CONDO/TH)  Available - 806 (+5, Last Week 801) Under Contract - 12,509 (+10,010, Last Week 2,499) Days of Supply - 10 (+0, Last Week 10) Short Sales - 2,119 (+36, Last Week 2,083) Combined SFR + CONDO/TH  Available - 4,804 (-180, Last Week 4,984) Under Contract - 25,948 (+10,132, Last Week 15,816) Days of Supply - 10 (+0, Last Week 10) Short Sales - 13,180 (+53, Last Week 13,127) This same time last year we had over 14,000 available homes on the market. Contact Makea Turner with Keller Williams Realty Southwest (702) 542-1883 to find out how these numbers will impact you when buying or selling homes in the Las Vegas area.

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