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.