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.

Furthermore:

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.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s