Las Vegas Home Feb 2018

Las Vegas, NV

Mon Feb 12 2018 
This week the median list price for Las Vegas, NV is $350,000 with the market action index hovering around 44. This is an increase over last month's market action index of 42. Inventory has held steady at or around 2951. Click here to stay informed with the Las Vegas market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today

Last Month

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.

Median List Price		$350,000
Per Square Foot		$160
Days on Market		107
Price Decreased		26%
Price Increased		7%
Relisted		9%
Inventory		2951
Most Expensive		$30,000,000
Least Expensive		$39,000
Market Action Index Slight Seller's Advantage		44

• Median List Price 

 Market Segments

Click and drag in the plot area to zoom in.

 Avg 90-Day: $348,614

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$775,000	4,024	0.25 - 0.5 acre	4	3	16	73	159	183
$425,000	2,654	6,500 - 8,000 sqft	4	3	15	166	244	96
$300,000	1,989	4,500 - 6,500 sqft	3	3	19	215	315	74
$220,000	1,449	4,500 - 6,500 sqft	3	2	34	267	364	75