Las Vegas Home Inventory at 6 Week Supply-Stuart Sheinfeld

The inventory of single-family homes available for sale in Las Vegas without a contingent or pending offer dropped to 5,211 in March, about a six-week supply at current sales level, the Greater Las Vegas Association of Realtors reported Monday. As of April 14, 2012 the inventory of Single Family Residences in North Las vegas, Las Vegas & Henderson sank to only 4835 Homes.


Due to the robo signing law, banks are foreclosing on homes at a snails pace. We will see some REO inventory come onto the market, but there will not be a flood, like many had predicted. The banks are doing more short sales and even renting the homes back to homeowners.



We are seeing New Home sales rise due to the lack of inventory of resale homes says Stuart Sheinfeld. We have weathered the storm, and now is the time to jump in this market with both feet.