MARKET CONDITION REPORT

LAS VEGAS VALLEY  

View market condition report  

Closings for JULY:

Resale – 28% or 1100; Short Sale – 21% or 814;   REO – 51% or 2000   REO closings are UP 3% from last month with both Short Sale down by 1% and Resale transactions down by 2%.                                       

 (See attached report for more information)

The Market Condition Report (MCR) is used to analyze residential real estate markets.  The proper use of the report requires the reader to understand how the various measures work together to accurately analyze the target markets.

The MCR has a central philosophical foundation that “The role of the agent is to provide information, and the role of the client is to make decisions.”  The Las Vegas macro market should be a central part of the agent’s information provided to the client or prospect.

Curtesy of Ticor Title.