Las Vegas Drops to 7 Months of Inventory

Well, almost 7. In July, 3036 units were sold, and inventory ended the month at 22,178. That’s 7.3 months of inventory!

We are getting very close to what has historically been called a “normal market”. Note the improvement since the beginning of the year:

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2 Responses to Las Vegas Drops to 7 Months of Inventory

  1. bill says:

    One of the greatest books ever written is How to Lie with Statistics. You are taken the highest sales month in the last 16 months and dividing the current inventory. It is true that real estate is starting to move again in Las Vegas. However, until the Banks start loosening up the purse strings again we are in for a rocky trip along the bottom.

  2. frothingdeveloper says:

    Actually, I’m taking the most recent month. I didn’t know that it was the biggest sales month in 16 months. That’s pretty cool.

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