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, […]
Fireworks on New Year’s Eve weren’t the only bang heard through the Las Vegas area. December ended the year with a market high average sale price of $315,358. 2019 was a good year for sellers. We’ve seen a level of stability between supply and demand that have kept the market growing, but not at an […]
The number of homes that sold in October rose from 5,620 in September to 5,980 while the number of new listings on the market increased from 7,662 to 7,884 . The average price decreased slightly, from $298,691 to $296,726. Overall, the market is chugging along nicely in a normal seasonal manner. Generally speaking, we wouldn’t […]
The number of homes that sold in September dropped from 6,545 in August to 5,616 (though is up over 400 homes from September 2018) while the number of new listings on the market dropped from 8,623 to 7,660. The average price increased slightly, from $295,029 to $298,565. Last month’s average price is the highest we’ve […]
Las Vegas area real estate hit a new high in July. The average sale price of $295,955 is a high point that we haven’t seen for a long, long time, exceeding the previous high from May 2019 by a bit over $400. The number of homes sold increased as well, to 6,408 up 71 homes […]
We’re seeing some interesting market trends here in our Valley. We still only have a 3 month inventory of houses for sale – which means it should take 3 months for a house to sell. Buyers are taking their time, though, so sales are down a little from previous months. Buyers are price conscious and […]
The Las Vegas area real estate market showed signs of heating up along with summer temperatures in May. Summer is traditionally the most active time in real estate, in large part as families plan moves during summer vacations when school is out. The number of homes that sold in May increased from 5,945 in April […]
Home sales rallied in March for the Las Vegas area real estate market, with the number of sales increasing from 4,667 in February to 5,814 in March. The average sale price regained much of the ground it lost during the 2018 holiday season when the high was $290,973 in August 2018. March data shows an […]
The Las Vegas area real estate market showed signs of warming after the holiday doldrums. The number of homes that sold increased from 4,448 in January to 4,667 in February, while the average sale price increased from $281,599 to $284,502 during the same time frame. Las Vegas still offers a great real estate market, but […]
Las Vegas area residential real estate ended on a slow note in January in a continuation of the holiday slowdown (which is pretty par for the proverbial course.) The average sale price was $281,604 which is down about $1700 from December but a healthy jump from the $255,532 of January 2018. Similarly, the number of […]
