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SINGLE FAMILY RESIDENCE

On The Market                                                20,007

Bank Owned                                                     5,507

Short Sale                                                       10,242

Pending                                                           2,955

Contingent                                                       8,732

Sold                                                                1,000

Foreclosure Commenced                                    1,216

CONDO/TOWNHOUSE

On The Market                                                  5,171

Bank Owned                                                     1,420

Short Sale                                                        2,755

Pending                                                               734

Contingent                                                        2,158

Sold                                                                    249

Foreclosure Commenced                                       260

Look at the properties that are under contract or Contingent.   Contingent means that there has been an offer written on the property.  There could be many reasons why it did not go straight into Pending Status, inspections, loan is not quite in place, or what we are seeing a lot of these days is waiting for the bank to decide on a short sale.  The amount of homes that owners are trying to sell short is quite high also.  It is of course because their home is not worth what they still own on it.  This is the whole Las Vegas Valley, it does not include Boulder City, or Pahrump.