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Las Vegas area and national real estate market update – December 2014

After hitting their highest level of the year, existing-home sales slid in November as housing supply showed some tightening, according to the National real-estate-newsAssociation of Realtors®.

View report – Las Vegas area and national real estate market update – December 2014

National housing indicators

Existing home sales (December)

4.93 millions units*

Existing home median price (December)

$205,300

Housing Starts (December)

1.028 millions units*

New home sales (December)

4.58 millions units*

*Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®.

National economic indicators

Home ownership

3rd Qtr 2014

+64.4%

3rd Qtr 2013

+65.3%

The homeownership rate in the third quarter 2014 was 64.4 percent, down 0.9 (+/- 0.4) percentage points from the third quarter 2013 rate of 65.3 percent. The homeownership rates in the Northeast, Midwest and South were lower than the rates in the third quarter 2013, while the rate in the West was not statistically different from the rate a year ago.