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 March 10, 2010, data is obtained from the Greater Las Vegas Association of Realtors MLS.

Single Family Residence (SFR)
Available 8,302 (-122 , Last Week 8,424)
Under Contract 11,829 (+275 , Last Week 11,554)
Days of Supply 21 (-1 , Last Week 22)
Short Sales 11,866 (+118 , Last Week 11,748)

Condominiums and Town Homes (CONDO/TH)
Available 1,892 (+8 , Last Week 1,884)
Under Contract 2,847 (+52 , Last Week 2,795)
Days of Supply 20 (+0 , Last Week 20)
Short Sales 3,031 (+48 , Last Week 2,983)

Combined SFR + CONDO/TH
Available 10,194 (-114 , Last Week 10,308)
Under Contract 14,676 (+327 , Last Week 14,349)
Days of Supply 21 (-1 , Last Week 22)
Short Sales 14,897 (+166 , Last Week 14,731)

The following two graphs clearly display one of the realities of our current real estate market in Las Vegas...a consistent high demand and lower levels of inventory (supply).  We continue to see multiple offers on properties and a relatively low days on market for most properties.

Are you looking to purchase property in the Las Vegas area?  Now is the time to buy!

If you would like a FREE, confidential short sale consultation, please give me a call toll free at 1-866-589-1646.  We're here to help you avoid foreclosure, get a loan modification, or assist you to short sale your home.  Certified Short Sale Professional and Certified Distressed Property Experts handle every aspect of your short sale.

Felipe Crook

Prudential Americana Group Realtors

Las Vegas, NV 89117

1-866-589-1646