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Move To Las Vegas
 Inventory update ....
Author: Rhonda
Date:   8-31-09 5:13 pm

We may see a light at the end of the tunnel one day soon lol ........

Contingent Units Continue to Climb; Availability Drops



During the past seven days, the number of available properties dipped by another 105 units, bringing total inventory to 12,553 homes. Compared to the same week of the prior year, inventory is down 43.2 percent, or a decline of 9,543 units (from 22,096). Availability is at its lowest level since December 2005, a period when the median resale price was nearly $285,000; for comparison purposes, the latest median price is nearly $125,000.



As properties move from an “available” status, they generally migrate to the contracted status – either contingent or pending. Contingent units are awaiting some action, such as a bank's approval on a short sale. The combined total of contingent and pending units reached 14,297, up 145 units during the past week, and up 6,958 units (or a 94.8 percent increase) from the same week of 2008


Rhonda Brinkerhoff ABR,CRS,GRI
Century 21 Express
http://AllLasVegasHomes.Com
My Directory Listing

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