Las Vegas Market Watch

MARKET REPORT /Las Vegas, NV Fri Apr 16 2021

April 16, 2021
By Dennilee Feliciano
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This week the median list price for Las Vegas, NV is $455,900 with the market action index hovering around 81. This is an increase over last month's market action index of 72. Inventory has held steady at or around 1,437. 

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
 
 $455,900
Per Square Foot   $214
Days on Market   21
Price Decreased   15%
Price Increased   15%
Relisted   8%
Inventory   1,437
Median Rent   $1,850
Most Expensive   $28,300,000
Least Expensive   $145,000
Market Action   81
Strong Seller's Market
 

The market seems to have paused around its high point. Look for a persistent down-shift 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.

April 16, 2021
By Dennilee Feliciano