Over 57% of the trustee sales were postponed last year and only 19% cancelled. This reenforces what we expect to happen starting in this month.
The Banks will be releasing more foreclosed homes for sale. The Banks will not flood the market. The Banks will release enough to be aborbed without effecting the current market value of homes. The Median Home Price in January was $125,000.00. This has not fluxuated below $123,000 for the past 8 months.
We believe the demand for the Las Vegas homes inventory will absorb the foreclosures that will start hitting the market this month. Watch the daily statistics!
