SalesTraq Releases New Statistics
Stats recently released from SalesTraq, a local real estate research firm, reminds buyers of the tight housing market that home buyers, sellers and agents went through in 2004.
The 2006 market offers stark comparisons. The market for Las Vegas condos, homes and rentals feels distinctly different thanks to skyrocketing inventory. SalesTraq showed that there were almost 3,000 resold homes listed in Vegas in April of 2004. That number jumped 250 percent in ’05 and looked to cash in on big appreciation increases.
In April of 2006 there was another inventory raise, this time of 63 percent. That puts the number of available new homes at over 17,000. The numbers are staggering and analysts are saying that consumers are not going through are tough period, they are just seeing the market level itself out.
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