The Sodhi Group's Market Report

Las Vegas, NV

Single-Family Homes

Info@YourHomeLV.com | www.YourHomeLV.com



Las Vegas, NV

Mon Jun 17 2019
This week the median list price for Las Vegas, NV is $355,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 5542. Click here to stay informed with the Las Vegas market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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.

Las Vegas, NV

Mon Jun 17 2019
This week the median list price for Las Vegas, NV is $355,000 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has held steady at or around 5542. Click here to stay informed with the Las Vegas market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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 $355,000
Per Square Foot $173
Days on Market 94
Price Decreased 44%
Price Increased 4%
Relisted 10%
Inventory 5542
Median House Rent $1,550
Most Expensive $18,000,000
Least Expensive $65,000
Market Action Index
Slight Seller's Advantage
39

The market is hovering around this plateau. Look for a persistent change 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.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$700,000 3,708 0.25 - 0.5 acre 4 4 16 105 85 134
$410,000 2,478 4,500 - 6,500 sqft 4 3 17 167 139 83
$315,000 1,891 0 - 4,500 sqft 3 3 17 210 212 75
$249,000 1,441 4,500 - 6,500 sqft 3 2 31 221 239 81