January 2020 Las Vegas Real Estate Market Update

January was a quiet month for Las Vegas area real estate.  The number of homes that sold decreased slightly from 5,308 in December to 5,142 in January. The average sale price also decreased slightly over the same time period, from $314,354 to $293,569.

When we look at the sales data over the last several years, we see that this is a pattern that tends to repeat, but when compared to previous years, January 2020 is up on both volume and average price. The Las Vegas real estate market appears to be in a slow but steady growth mode, and it will be interesting to see how the market grows as 2020 progresses.

Information provided by GLVAR. Data is considered reliable but not guaranteed.

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