Las Vegas Real Estate Market Report: 02/11/09

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 February 11, 2009, data is obtained from the Greater Las Vegas Association of Realtors MLS.

Single Family Residence (SFR)
Available – 15,937 (-171 , Last Week 16,108)
Under Contract – 5,976 (+365 , Last Week 5,611)
Days of Supply – 80 (-6 , Last Week 86)
Short Sales – 7,349 (+117 , Last Week 7,232)

Condominiums and Town Homes (CONDO/TH)
Available – 4,537 (+2 , Last Week 4,535)
Under Contract – 1,092 (+45 , Last Week 1,047)
Days of Supply – 125 (-5 , Last Week 130)
Short Sales – 1,695 (+76 , Last Week 1,619)

Combined SFR + CONDO/TH
Available – 20,474 (-169 , Last Week 20,643)
Under Contract – 7,068 (+410 , Last Week 6,658)
Days of Supply – 87 (-6 , Last Week 93)
Short Sales – 9,044 (+193 , Last Week 8,851)