Las Vegas Pending MLS Backlog Building

The Las Vegas Review Journal reports that in April 217 condominiums and townhomes were sold. We decided to take a look at how that compares to the current backlog.

Currently, there are 352 condominiums and townhomes in contingent contract, and 362 in non-contingent “pending” contracts. That’s a total of 714. In other words, there are 3 TIMES AS MANY condominium/townhouses queued up for sale as closed in April.

This is a BIG increase in sales activity.

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