The Las Vegas area real estate saw a bit of an uptick in the number of homes sold this August. The number of homes sold rose slightly from 6,505 in July to 6,645 in August. However, the average price increased rather dramatically from $279,048 to $291,012, which is a new high point in our recovered market.
The total number of listings rose slightly from 14,182 in July to 15,475 in August, which is normal for this time of year. The average days to sell increased slightly from 28 days in July to 29 in August, but we are entering the seasonal cooling period so this is expected. Despite the holiday season rolling around, the Las Vegas area real estate market is still definitely a seller’s market and now may be a great time to put your home on the market!
** Data is considered reliable but not guaranteed. Source GLVAR