Las Vegas Market Watch

MARKET REPORT / Las Vegas, NV Tue Nov 16 2021

November 16, 2021
By Kimberly K. Kim
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Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price   $524,450
Median Price of New Listings   $439,000
Per Square Foot   $239
Average Days on Market   77
Median Days on Market   35
Price Decreased   32%
Price Increased   8%
Relisted   8%
Inventory   2,260
Median Rent   $2,143
Market Action   62
Strong Seller's Market
 

Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

 

November 16, 2021
By Kimberly K. Kim