Las Vegas Real Estate Wire

Weekly Las Vegas Real Estate Market Snapshot 1.18.08.

I ended my Snapshot commentary last week mentioning the movement of Pending Sales is what I would be watching this year.  Pending Sales increased this past week to a point not seen since the end of August.  Listings also increased this past week but at a clip less than Pending Sales.  This allowed the Pending Sales Index to increase to 103 – the highest point since end of July and the start of the lending crunch.  Are better market conditions around the corner?  We’ll see.

New to the Snapshot is the $1 million dollar listing submarket.  It has been very active over the past few years and it showing signs of slowing down like the rest of the market.  I’ve included a few more items about repos too.

This entry was posted on Tuesday, January 15th, 2008 at 5:44 am and is filed under Las Vegas Market Data, Weekly Market Snapshots. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.