Las Vegas Residential Property Statistics for October 2017

 

 

 

 

 

 

Based on the latest Las Vegas Residential Housing Market Data, Las Vegas home prices overall have slowed just a bit compared to September however are still higher than a year ago.

Appreciation rate slow down is typical as we move into the cooler fall months.

PRICE:

The median closing price for single family homes increased by 13.4% since October 2016.   The median closing price for condos and townhouses increased by 19.7 % since October 2016.

 

INVENTORY:                                                                                                                                                                                                                                                                                                                        

Current housing inventory remains low at 1.6 months.  Buyers for Las Vegas homes still struggle with the low supply of homes for sale in the Las Vegas Valley.

 

MARKET STATUS:

A  Seller’s Market for all home types:   Single Family Homes, Condos, Townhouses, Hi-Rises.   In October, the Hi-Rise inventory dropped compared to September.   Hi-Rise market status has changed from its Balanced market status last month to a Seller’s market this month.

 

For detailed property statistics please refer to the attached report.
Thanks to Chicago Title for compiling this data
If you are thinking of buying or selling a home, Contact the Trish Nash Team at 702.331.3948 for assistance.  
And visit TrishNash.com to see all the homes in Henderson and Las Vegas currently for sale.