Las Vegas Market Watch

MARKET REPORT / Las Vegas, NV Mon Jan 18 2021

January 18, 2021
By Lynn Williams
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This week the median list price for Las Vegas, NV is $399,900 with the market action index hovering around 51. This is about the same as last month's market action index of 51. Inventory has held steady at or around 2,305. 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.

Buyer'sMarketSeller'sMarket0102030405060708090100TodayTodayLast MonthLast Month5151

Strong Seller's Market

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   $399,900
Per Square Foot   $194
Days on Market   122
Price Decreased   26%
Price Increased   8%
Relisted   7%
Inventory   2,305
Median Rent   $1,775
Most Expensive   $32,890,000
Least Expensive   $119,168
Market Action   51
Strong Seller's Market
7-Day Average90-Day AverageJan 2018Jun 2018Oct 2018Feb 2019Jun 2019Oct 2019Feb 2020Jun 2020Oct 2020$320K$340K$360K$380K$400K$420KJun 22 20187-Day Average: $385K90-Day Average: $382K
 

The market appears to be 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.

January 18, 2021
By Lynn Williams