Las Vegas Market Watch

MARKET REPORT / Las Vegas, NV Fri Jul 16 2021

July 16, 2021
By Lynn Williams
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This week the median list price for Las Vegas, NV is $499,000 with the market action index hovering around 80. This is less than last month's market action index of 84. Inventory has increased to 1,886. Click here to stay informed with the Las Vegas market!

Strong Seller's Market

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price   $499,000
Median Price of New Listings   $429,450
Per Square Foot   $228
Average Days on Market   66
Median Days on Market   21
Price Decreased   20%
Price Increased   11%
Relisted   7%
Inventory   1,886
Median Rent   $1,995
Market Action   80
Strong Seller's Market
 
 

While this week the median didn’t fluctuate much, prices continue to sit at all time highs. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

July 16, 2021
By Lynn Williams