The Sodhi Group's Market Report

Las Vegas, NV

Single-Family Homes

Info@YourHomeLV.com | www.YourHomeLV.com



Las Vegas, NV

Wed Oct 23 2019
This week the median list price for Las Vegas, NV is $349,900 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 5268. Click here to stay informed with the Las Vegas market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Las Vegas, NV

Wed Oct 23 2019
This week the median list price for Las Vegas, NV is $349,900 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has held steady at or around 5268. Click here to stay informed with the Las Vegas market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price $349,900
Per Square Foot $174
Days on Market 106
Price Decreased 47%
Price Increased 4%
Relisted 13%
Inventory 5,268
Median House Rent $1,600
Most Expensive $20,000,000
Least Expensive $90,000
Market Action Index
Slight Seller's Advantage
38

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
$719,990 3,652 0.25 - 0.5 acre 4 4 17 89 86 154
$405,000 2,455 4,500 - 6,500 sqft 4 3 17 140 133 92
$309,900 1,853 0 - 4,500 sqft 3 3 18 152 152 88
$239,900 1,390 4,500 - 6,500 sqft 3 2 35 164 193 89