The Sodhi Group's Market Report

Las Vegas, NV

Single-Family Homes

Info@YourHomeLV.com | www.YourHomeLV.com



Las Vegas, NV

Sat Aug 17 2019
This week the median list price for Las Vegas, NV is $350,000 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 5479. 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

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

Sat Aug 17 2019
This week the median list price for Las Vegas, NV is $350,000 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 5479. 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

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 $350,000
Per Square Foot $173
Days on Market 96
Price Decreased 48%
Price Increased 4%
Relisted 11%
Inventory 5479
Median House Rent $1,595
Most Expensive $20,000,000
Least Expensive $107,000
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
$716,836 3,680 0.25 - 0.5 acre 4 4 17 110 123 144
$410,000 2,474 4,500 - 6,500 sqft 4 3 17 149 174 82
$314,000 1,883 0 - 4,500 sqft 3 3 17 160 176 77
$245,000 1,434 4,500 - 6,500 sqft 3 2 31 193 222 81