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Jeffrey Sklar's Blog

By Jeffrey L Sklar | Broker in Las Vegas, NV

Las Vegas currently has 5914 rentals on the MLS


As of 1/30/2012, the GLVAR shows 5,914 units for rent. This ncluded 3,761 single family homes and 1,910 condos. This number seems to be growing lately with the average DOM increasing. With 48,000 homes sold last year, many to investors, do you think that we are headed into a year of major rent reductions. I have noted many neighborhoods posting major rent reductions and this is unfortunate. While the market is healthy, is this market able to absorb this many rentals without dramatic rent reductions?


Jeffrey Sklar

Broker

Property Manager

2012 Vice Chair GLVAR Property Management Committee

Southern Nevada Property Management

8871 West Flamingo Road Suite 202

Las Vegas, NV 89147

Phone 702-522-6764

Fax 888-203-2779

www.WeRentVegas.com

www.VegasLeaseOption.com

http://jeffreysklar.las.mlxchange.com

 

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