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December 18, 2017

Las Vegas Homes Report…December 6, 2010

Las Vegas Homes Report...December 6, 2010

Las Vegas Homes Report...December 6, 2010

Currently, the median list price of a single family residential home in the Las Vegas valley is $139,000. Las Vegas home prices have been paused at this level lately. The real estate report also states that inventory of the Vegas housing market has been “lightening lately” and the days on the market has been increasing as well. Concerning supply and demand the home sales have been outpacing new inventory for several weeks.

View the Las Vegas Homes Report…December 6, 2010.

Keep in mind that since January of 2007 the Vegas real estate market has dropped from a median list price above $350,000 and has declined to the current level of $139,000. Las Vegas is still in a Buyer’s Market and we will not see prices rise until the excessive inventory of real estate listings are consumed. However, we are likely to see an upward pressure in pricing as this trend continues. We will gradually move towards the seller’s zone if this direction does indeed continue.

For about the last 16 months the general median price of a Vegas home for sale has hovered around the $140,000 mark.

Search the MLS for Las Vegas homes for sale and condos for sale.

Contact an Experienced Las Vegas Realtor!
Bob and Jackie Simmons
The Realty One Group