Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview Demand is gaining momentum despite more listings taken and more available inventory resulting in only two months of available inventory. Closed units are up 8.2% over 2023 and closed volume is up nearly 22%. The median and average closed sales price of … More Greater Las Vegas Real Estate Market Update – May 2024
Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview The 2024 Greater Las Vegas real estate market kept pace with closed units in the first quarter of 2024; however, SFR closings fell short of March 2023 despite besting February closings. Listings taken, available units, pending sales, and closed sales all edged … More Greater Las Vegas Real Estate Market Update – April 2024
Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview The 2024 Greater Las Vegas real estate market is off to a good start with closed units up 14% over last year and closed volume up 28% over last year’s volume at this point. Listings taken remain strong, but even stronger demand … More Greater Las Vegas Real Estate Market Update – March 2024
Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview The 2024 Greater Las Vegas real estate market is off to a good start with closed units up 14% over January 2023 and closed volume up 24% over last January. It also appears that our listing agents have returned from the Winter … More Greater Las Vegas Real Estate Market Update – February 2024
Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview The 2023 Greater Las Vegas real estate market settled out at 18% below 2022 closing levels – both in units and volume. 2023 SFR closings ended the year below 2008 and 2006 levels, but right around the 2002 closing levels – but … More Greater Las Vegas Real Estate Market Update – January 2024
Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview Overall, the November market production was on par with last November, leaving 2023 results approximately 19% behind 2022. Both listings taken and closed units dropped sharply leaving us with 4.1 months of inventory. Yet, the months of inventory varies widely across Greater … More Greater Las Vegas Real Estate Market Update – December 2023
Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview October SFR sales performance was generally flat, but we did not lose ground from last year. However, both condo/townhomes and the luxury market sales gained ground. The financed sales in the $400,000 to $700,000 benefited from strong FHA and VA closings. The … More Greater Las Vegas Real Estate Market Update – November 2023
Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview It seems that August was the only month this year that bettered last year’s performance. In fact, we are on track to have our worst closing year since either 2008 or 2006. But at the time 2006 was a banner year!! Yet, … More Greater Las Vegas Real Estate Market Update – October 2023
Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview Overall, August closed sales very much matched July with condo/townhomes having a stronger month and better year over year performance. 2023 market closings and volume remain approximately 24% off the 2022 market pace while showing signs of a potentially stronger year end … More Greater Las Vegas Real Estate Market Update – September 2023
Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview July results reflect more seasonality that in previous years, combined with high heat and overheated politics – including the Fed – again! So, what about the myth that prices are dropping? It’s not happening! Just review the “Last 25 Months” chart below … More Greater Las Vegas Real Estate Market Update – August 2023
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