I felt the information contained in this blog was so important and positive that I wanted to get it out right away. This morning Forrest Barbee , the Broker of Prudential Americana Group, Realtors, sent an email and posted on his blog, a report (that he generates) based upon the information sent out from the Greater Las Vegas Association of Realtors, that shows May 2008 being the first month since August of 2006 that the Las Vegas Real Estate Market has seen over 2000 single family home closings in one month. He shows that the number of available homes has come down every month since September of 2007 and the percentage of homes sold has nearly tripled since September of 2007 .
He goes on to state in his blog, “You just have to be motivated by this month’s resale closing stats for the Greater Las Vegas real estate market! There are several excellent signs this month that the sluggish Las Vegas market is poised for a nice rebound. The number of available listings is down while the closings are very nicely up and the inventory is taking less time to sell. You’ve got to love that!
To read his full report on the May 2008 Las Vegas Real Estate Market numbers go to Forrest Barbees Blog.
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Joe Laliberte
702-499-1747
Posted by Joe Laliberte 
Las Vegas & Summerlin Real Estate 