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 average sales price of an SFR dropped from $550,802 to $543,889 while the median closed sales price dipped from $450,000 to $449,950. The strong sales in the higher end of the market is keeping both the average and median prices from falling. That’s more than I can say for the Fed!
Resale inventory improved to 3.5 months due to fewer closings and fewer listings taken.
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