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Las Vegas Monthly Market Update - September 2015


A Look into Las Vegas' Real Estate Market
Posted: September 24, 2015 by Coldwell Banker Premier Realty

September 2015

As we enter fall, there are a few things that we typically observe. One is a buildup in inventory which is often the result of slower sales rates. Another market feature that we often observe is an increase in days on market. This market mechanism, which manifests as strong seasonal patterns, often results in more moderate price changes during the fall months, as demand softens and available supply expands. August figures, which are revealed below, show that single family homes experienced a moderate jump in median prices when measured against July. Note that many of these transactions likely went under contract in June or July, which are seasonally strong months. The ultimate point is, sellers should be aware of these seasonal trends and price carefully as to not cause their listing to stagnate. For buyers, this could mean a greater set of options during your home search so the fall is often a great time to look for homes.
SINGLE FAMILY
CONDOMINIUM/TOWNHOME
LAS VEGAS IS S-M-A-R-T

In Bob's video above he references this TEDTalk at UNLV with Bo Bernhard PhD, a professor in the Wiliam F. Harrah College of Hotel Administration at UNLV and Executive Director of the International Gaming Institute.   Watch the entire video here and learn exactly why Las Vegas is S-M-A-R-T.  He will tell you exactly how Las Vegas is  leading the world in greatness!  We think you will just LOVE this video and will want to share it with all of your favorite Las Vegans!

SINGLE FAMILY
DAYS ON MARKET
AVERAGE & MEDIAN (3 MONTH MOVING AVERAGE)
CONDO | TOWNHOME
DAYS ON MARKET
AVERAGE & MEDIAN (3 MONTH MOVING AVERAGE)
SINGLE FAMILY
SALE PRICE
AVERAGE & MEDIAN
CONDO | TOWNHOME
SALE PRICE
AVERAGE & MEDIAN
SINGE FAMILY
AVAILABLE & CLOSED 
INVENTORY
CONDO | TOWNHOME
AVAILABLE & CLOSED 
INVENTORY

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