Las Vegas Market Watch

MARKET REPORT / Las Vegas, NV Tue Feb 16 2021

February 16, 2021
By Dennilee Feliciano
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This week the median list price for Las Vegas, NV is $399,999 with the market action index hovering around 58. This is an increase over last month's market action index of 52. Inventory has held steady at or around 1,811.

 

Strong Seller's Market

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price   $399,999
Per Square Foot   $199
Days on Market   49
Price Decreased   21%
Price Increased   9%
Relisted   7%
Inventory   1,811
Median Rent   $1,799
Most Expensive   $32,890,000
Least Expensive   $140,000
Market Action   58
Strong Seller's Market
 

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.

February 16, 2021
By Dennilee Feliciano