Mike Lamb, Broker, CRS, CRB
Windermere Real Estate/Stellar Group
| Direct: 360-694-4050 | Office: 800-538-2038 | Email: Mike@MikeLamb.info
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January 2012 Update
Posted on February 21, 2012
The Clark County real estate market started 2012 on a really strong note, extending its improving trend to 6 months in which every month has been the best since at least 2007. The best indication of the strength of the market was in new sales activity, up 21/5% from January 2011, and up 15.5% from January 2010. Other changes included:
- Closing activity was the best it has been in January since 2007, up 6.1% from January 2011, and up 8.0% from January 2010.
- The backlog of sales waiting to close grew to 1,138 pendings, up 31/3% from January 2011.
- Solds Year To Date (includes all property categories) were up 1.5% from January 2011, and up 13.4% from January 2010.
- Listing activity was weak though, down 22.5% from January 2011 and down 33.6% from January 2011.
- Inventory, reflected in Active Listings fell to 3,915, down 18.6% from January 2011 and the lowest since January 2006. There were only 5.6 months of inventory available based on the number of new pending sales in January.
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