Las Vegas Market Watch
MARKET REPORT / Las Vegas, NV Mon May 17 2021
May 17, 2021
By Dennilee Feliciano
Real-Time Market Profile
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