May 29, 2008
Today, the number of SFR homes under contract in either Pending or Contingent status rose above 6000 for the first time in….well…we don’t have records going back that long for this particular statistic. Suffice to say it has been a LONG time.
As a measure of the trend strength, note that just 3 weeks ago, this statistic was at only 5400. Also note that in that same 3 week period, 1236 single family residences closed (sold).
May 27, 2008
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.