Please note that this is is only for Single Family homes in Las Vegas and technically for May data but we are reporting it in June. Currently there are 3893 available homes and 2226 homes have closed in the last 30 days. The absorption rate is roughly 1.75 months so this is how ling is is taking to sell your home. The average sales price is $562,000 while the median sales price is Continue Reading
Las Vegas Real Estate Blog
Monthly Market Update for May 2023 with Harvey Blankfeld
We are providing this data in May 2023 for April and this is just for single family homes. We are seeing that this year will may be slower and compared to last year when the first part of the year was really busy and then almost stopped. We currently have about 2 months of inventory and still have an inventory shortage which Harvey believes will drive prices up. Tune in each month to get your Continue Reading
Monthly Market Update for April 2023 with Harvey Blankfeld
Is our current market shifting? Considering that this has been the best month for real estate since July of 2022, we believe so. Our average sales price remains the same for the last few months at $425,000, but the time on the market is shrinking. Will prices start to go up? Are interest rates stabilizing and going down? Be sure to watch and listen for your accurate real Continue Reading
Monthly Market Update for February 2023 with Harvey Blankfeld
Curious about Las Vegas Real Estate stats? Want to know how many homes have sold in Las Vegas? How many homes are on the market? Watch now and be sure to subscribe for this information every month! Continue Reading
Monthly Market Update for January 2023 with Harvey Blankfeld
We are giving out this update in January, 2023, but this is the market update for Las Vegas Real Estate for December 2022. Average days on market is at about 40 days and Harvey and John compare stats from this time last year in 2021. SUBSCRIBE to our channel to stay current on our local Las Vegas market. Did you know what we do charts on the radio? ;) Continue Reading
Should you buy a home now or wait?
Lately, I have been asked this question quite a bit. My answer is always, "It depends". Everyone has a different circumstance. Let me give you some possible scenarios that may come close to your situation. These scenarios do not accommodate changing real estate markets. When you move from one city or state to another there are market differences to take into account. For the sake of Continue Reading
December 2022 Monthly Market Update!
Inventory is shrinking again!!! We are about 600 homes down from last month of inventory. The average days on market for homes are at 33 days. Keep watching as Harvey goes over the rest of Novembers numbers! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to Continue Reading
November 2022 Monthly Market Update!
Harvey is going over the stats of October. It looks like we are currently down in inventory and pending homes from last month. The year started off strong as we go on it has slowed down. Keep watching to learn more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at Continue Reading
October 2022 Monthly Market Update!
Our available inventory is 8,438 single family homes available with 1,942 single family homes sold where as this time last year we had 3,737 homes available and then 3,163 homes sold which is a big difference. Keep watching to learn more about our market. Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate Continue Reading
September 2022 Monthly Market Update!
We have about 4 months worth of inventory. Compared to last year at this time, the inventory was less than a months worth. Were behind compared to last year in regards to volume. The months of inventory goes from one to five in a month and a half. Keep watching to hear more about what our market is looking like! Thanks for watching! Subscribe to our channel to get the updated market trends each Continue Reading
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