Here’s a look at the Las Vegas Real Estate Market for November 2018. According to statistics released by the Greater Las Vegas Association of REALTORS® (GLVAR), there is a 2.7 months supply of real estate inventory for single-family homes. This number is up 12.5 percent from last year at this time. Let’s take a closer look at the Las Vegas market trends.

At the end of the month, there were 5,136 single-family homes listed with no offer. That shows an increase of 13 percent from this time last year. At the end of October, there were 926 condo properties on the market without an offer. The current number of unsold condos shows an increase of 46.8 percent from October of 2017.

[su_note]There’s a 2.7-months supply of single-family homes inventory on the market. While this number is up 12.5 percent from last year, in order for the market to be considered balanced, there needs to be a 6 month supply of inventory. When it comes to condos in Las Vegas, there is a 2.5-months supply of inventory available on the market. This number is up an impressive 31.6 percent from last year.[/su_note]

There were 2,678 new listings added to the market when it comes to single-family homes in Las Vegas. This number is down from the 3,728 last month but is showing an increase of 22.7 percent increase from last year’s 2,183 new listings. There were 741 new condo listings added to the market. This number is up 18.9 percent from October 2017.

[su_note]Because we’re seeing a downturn in the number of new listings coming on the market, this is the perfect time to sign up and receive e-mail notifications that alert you when a new home is listed in Las Vegas. These email alerts give you an advantage over other home buyers who aren’t being updated. You need this kind of advantage in this competitive housing market.[/su_note]

As you consider placing your home on the market, you want to do everything possible to make sure your property is in selling condition and that you price your home competitively. Begin by finding out how much your home is worth. Check the home valuation calculator to get an instant estimate and then contact us for a comprehensive report. We’ll also work closely with you to create a marketing plan to get your listing in front of potential buyers.

[su_note]Sellers in Las Vegas are receiving 98.7 percent of their listing price on single-family homes. For condos, sellers are receiving 98.5 percent of their listing price. The average days on the market is 32 for single-family homes and 29 for condos and townhouses.[/su_note]

Wondering what your home might be worth? Find out instantly with our 15-second home value calculator.

See Additional Reports on the Las Vegas Real Estate Market

Here are the most recent home listings just added to the database in the average sale price range for Las Vegas. All homes here are priced at $355,945 or less.

Here are the most recent condo listings just added to the database in the average sale price range for Las Vegas. All condos here are priced at $178,539 or less.