Las Vegas Housing Market Report – March 26, 2012
Las Vegas Housing Market Report reveals prices & market trends of Las Vegas houses – Supply & demand for Vegas houses – Median list prices of Vegas NV homes.
Las Vegas Houses
Las Vegas Housing Market Report – March 26, 2012 shows that the current median list price of homes for sale is $150,000. Inventory is tightening and days-on-market is falling. The Market Action Index shows demand heating up. These are relatively bullish signs for prices.
Supply and Demand:
The Las Vegas housing market report indicates that the market for single family residential homes is getting hotter. The homes report indicates that the sales demand is strong while fewer homes are being listed for sale. Meanwhile, the current supply and demand levels are showing no signs of price changes from their current trend.
The median Las Vegas housing market prices are continuing their climb again this week. As a result, the asking price per sq.ft. is also increasing. However, the days on the market to get a home sold is dropping. The market action index on future housing reports will reveal how long this trend will last.
View the entire…Las Vegas Housing Market Report – March 26, 2012.
Median List Price…$150,000
Asking Price Per Square Foot…$76
Average Days on Market…168
Percent of Properties with Price Decrease…26%
Percent Relisted (reset DOM)…n/a
Percent Flip (price increased)…6%
Median House Size (sq.ft.)…2020 sqft
Median Lot Size…6,100 – 8,000 sq.ft.
Number of Bedrooms…3
Number of Bathrooms…2.5
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