Las Vegas Market Watch

MARKET REPORT / Las Vegas, NV Mon May 17 2021

May 17, 2021
By Dennilee Feliciano
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This week the median list price for Las Vegas, NV is $485,000 with the market action index hovering around 88. This is an increase over last month's market action index of 85. Inventory has held steady at or around 1,541. Click here to stay informed with the Las Vegas market!

 

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price   $485,000
Median Price of New Listings   $399,888
Per Square Foot   $220
Average Days on Market   78
Median Days on Market   14
Price Decreased   15%
Price Increased   14%
Relisted   8%
Inventory   1,541
Median Rent   $1,950
Market Action   88
Strong Seller's Market
 

Prices hit another all time high this week. Given current conditions, prices continue to march higher. 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.

 

May 17, 2021
By Dennilee Feliciano