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Las Vegas real estate market update – November 2015

Since the Federal Reserve held off on raising interest rates we still continue to see positive indicators in Las Vegas area real estate market as buyers continue to snatch up homes at a brisk pace. Our inventory of available homes for sale in October 2015 was relatively flat (-0.40%) year over year (YOY). Closed sales YOY were up 8%, and median sold price is up 9.4% YOY. It took just about 39 days to get a property under contract from the time it went on the market. Remember that this is an average so many homes sold faster than others and some sellers overprice their homes and they sit on the market before reducing the price.

 

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The information below is just separate data for single family homes only which excludes condos and townhomes.
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