Lisa Hendley's Blog

ListVS Sold

This above graph represents the homes Listed versus those that Sold from year over year starting in 2009 to January 2015.

Las Vegas hit “bottom” in 2012.  In 2012, we saw record low inventory and low prices. This combination created a firestorm of activity with 91% of listed homes being sold. Fast forward to 2014 with 71% of homes that were listed selling. This was the year were more homeowners gained equity and the number of foreclosures and Short Sales drastically reduced from the previous years.

Our current quarter for 2015 started off with slower sales volume and more inventory. This created a market with 53% of homes listed, selling in January.

Stay tuned for more updates in the coming month on our market.

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