Weekly updates on Southern Nevada Housing Market -10/01/2020

This week we have the total of available 5,117 on the market and please remember these are only single-family homes. In escrow we have 889 homes in contract and that is down by a little from the previous week. Also, inventor went down as well in the last week and we have closed 924 homes that went up a lot, that is a nice number to have. 200 homes have been withdrawn that is a pretty big number for withdrawn. Median sold price was at $342,250 and again when we talk about the median sold price on a weeks’ worth of data it is not as significant as when you do a bigger sample. But it is an interesting number and it is up quite a bit and then the median sold price per square foot might be a little more accurate but also still a small sample size and it is at $181.22. Days on the market (DOM) is 36 it up went by 2. Stay tuned to hear more!

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