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Greater Las Vegas area housing market information – August 2013

Las Vegas, Nevada, at night in USAThe Las Vegas housing market continues to speed ahead at a very strong pace in 2013. The below information shows Las Vegas real estate sales for August 2013 VS. Aug 2012 and August 2013 VS. July 2013. There is also year to date (YTD) comparisons for the first 8 months of 2012 VS. 2013. This information is great to better understand the current strength of the Las Vegas, North Las Vegas, Summerlin, and Henderson housing markets combined.

The below data shows that Las Vegas median home prices have increased year over year 31.9% to a whopping $182,000. The price increases remain strong due to investor demand and continued low inventory. In August there was an average of 6,059 homes Active on the market which is just under 1/2 of the 5-year average of homes available for sale in August of approximately 12,839. The average home in Las Vegas on remains on the market for about 16 days so buyers are in a rush daily to see as many homes as possible before another buyer snags it up.

 

 

 

If you are looking for a great Las Vegas Realtors or Summerlin Realtors give Tom Heuser or Serena Heuser a call today at 702-551-3004. We are selling millions of dollars in homes in this 2013 Las Vegas market so we can help buy or sell your Las Vegas home.