Welcome to Friday Figures! All information from the GLVAR MLS system. Touring, making offers, or listing property this weekend in the Las Vegas Valley? Read this first!

Summary: Available listings are just barely over 11,000, and demand continues to be strong. However, it is clear that only properties “priced right” are moving from available to contingent/pending. The number of Contingent and pending numbers continues to slide as properties sell. It is not yet known whether the new guidance on short sales from the Treasury Department will help break the logjam of 8900+ contingent short sales anytime soon. Sales remain strong, but there is a little weakness in the rental market. It remains to be seen whether this is a trend.

Other Information: Good news is that unemployment is starting to go down, and we are seeing fewer job losses. While it is painful to speak of this level of job losses as a relative good thing, it means we may sooner rather than later get to the point where the economy is creating jobs rather than losing them. This will eventually have a positive impact on both foreclosure rates and the number of future buyers.

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