Las Vegas Housing Market Report 20Jun11, Vegas real estate report

Las Vegas Housing Market Report

Las Vegas Housing Market Report reveals Vegas house prices & real estate market trends. Las Vegas Homes Report for Vegas real estate trends & house prices.


Las Vegas Real Estate Trends

 

This Week:

Las Vegas Housing Market Report…June 20, 2011 shows that the current median list price of homes for sale is $127,848. This price has dipped in the last four weeks. Currently, the inventory of single family homes is trending up while the days on the market is remaining essentially flat. At this time the Las Vegas housing market does not have a strong up or down pull.

Supply and Demand:

The Market Action of Vegas properties has slowed in the last month. Compared to last week , Las Vegas real estate prices and inventory levels for single family resale homes are virtually unchanged.

Price Trends:

The median Las Vegas housing market prices has changed little since last week. The Las Vegas real estate market for homes has “paused.”

The Las Vegas Nevada housing market remains a very strong buyer’s market at this time. There is an ample supply of foreclosures and short sales in the Vegas housing market. Savvy home investors are purchasing Las Vegas houses and either flipping them or renting them. Home buyers have not seen Las Vegas home prices at this level since 1995.

View the entire…Las Vegas Housing Market Report for June 20, 2011.

Median List Price…$127,848
Asking Price Per Square Foot…$70
Average Days on Market…159
Percent of Properties with Price Decrease…35%
Percent Relisted (reset DOM)…7%
Percent Flip (price increased)…6%
Median House Size (sq.ft.)…1806 sqft
Median Lot Size…4,501-6,500 sq.ft.
Number of Bedrooms…3
Number of Bathrooms…3

Search the Las Vegas MLS listings to find Homes for Sale!

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When buying or selling Las Vegas real estate…
Contact an Experienced Las Vegas Realtor!
Bob and Jackie Simmons
The Realty One Group
702-508-8172

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