Las Vegas Real Estate Market November 24 2015

Las Vegas Real Estate Market November 24 2015



Housing Inventory Weekly Report 11/21/2015

Single Family Residence 7,537

  • Private Sale 6,576 – 87%

  • Short Sale 741 – 10%

  • Bank Owned 220 – 3%

Inventory down by 1.9%

Homes Sold down by 2.4%

Housing Supply 4.7 months

SFR 30 days Closings Sold 2,206

Median Home Listed:  3bedrooms, 1820 SQFT - $224,500.00 @ $123.00 SQFT

Median Home Sold: $219,500.00 @ $120.00 QSFT with an AVERAGE 31 Days on the market.

Over All Housing Inventory

SFR, Condo, Townhome, Mobile, Duplex, Triplex, and Fourplex.

Total Inventory 10,265

  • Private Sale 9,038 – 88%

  • Short Sale 912 – 9%

  • Bank Owned 315 – 3%

Inventory down by 1.4%

Homes sold up by .03%

Housing Supply 5 months

Current Market Financing Consideration

  • Cash 99%

  • Conventional 94%

  • FHA 61%

  • VA 57%

  • OWC 2%

  • Lease Option .5%

Past 30 Days Closing SOLD Terms

  • Cash 34%

  • Conventional 33%

  • FHA 25%

  • VA 8%

  • OWC 0%

Rental Market

Rental market inventory increased by 2% and the numbers of leased agreements executed up by 13%.


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Phone: 702-319-1092
Dated: November 24th 2015
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