Sharp Jump in Vegas Units Under Contract

20 Day Snapshot:

The number of condominiums and single family homes under contract in Las Vegas (GLVAR type CON and SFR units in status P or C) jumped sharply from May 7, 2008 levels of 5,885 to 6,456 on May, 27, 2008. This is a 10% increase in less than three weeks.


1120 homes closed in that same time period, meaning that out of the 5,885 units in P or C status on May 7th, 19% closed in the last 20 days, and an additional 1691 new units went into contract.

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