Enjoy this real estate market report for the Las Vegas-Henderson-North Las
Vegas, and Clark County, NV area. 

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Average Price Range for Homes in Las Vegas

Average sale price for homes in the Las Vegas area is $351,643 up 14.6% in
January 2019 from January 2018. Average sale price of townhomes/condos is $184,443 ending January 2019 an increase of 16.3%.

Month of the YearSale Price, Average
January 2018$301,517
February 2018$305,570
March 2018$310,232
April 2018$314,344
May 2018$317,955
June 2018$322,363
July 2018$325,056
August 2018$330,336
September 2018$349,843
October 2018$355,945
November 2018$341,524
December 2018$345,009

Las Vegas Housing Market Predictions 2019

The Las Vegas real estate market is seeing a slight slowdown in home sales
because of growing inventory. Prices increased from the previous year, and
depending on interest rates sales may be slow during the first quarter of 2019. 
Read More Here!

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Existing Home Sales

A total of 1,821 homes were sold during January 2019 and a total of 480 townhomes/condo were sold during the same month. The combined home and townhouse/condo average sale price climbed 13% from January 2018 to $316,136 for January 2019.

Property Subtype Sales, Number of
Single-Family Residential 1,821
Condominium/Townhouse 480

Average Time on Market for Las Vegas Listings

Average time on the market for homes and townhouses/condo is 46 for the month of January 2019, an increase from 42 days in January 2018. 

Time on market: 30 days or less (single family homes)

TIme on market: 30 days or less (condos/tonwhouses)

Active Number of Listings in Las Vegas for the past 5 years.

The total number of active listings ending January 2019 is 7,959, up from 5,557 in January 2018, but lower than the 8,126 during January 2017. Total number of listings bounced above and below the 10,000 mark during the years of 2014 and 2015.

Month20142015201620172018
Jan10,0489,7689,1307,2684,828
Feb9,9769,7219,2527,0604,798
Mar10,0399,7009,2736,8364,774
Apr9,8899,7579,1316,5825,010
May9,9909,7479,0256,3494,926
Jun9,9909,7559,1676,2674,708
Jul10,0879,8479,1986,3284,787
Aug10,1839,8919,0906,3005,818
Sep10,38510,0208,9586,1856,039
Oct10,54410,1138,7066,0126,521
Nov10,3799,6908,2475,6398,608
Dec9,5508,7927,3044,9748,143

Average List to Close Price

The average list to close price for homes and townhouses/condos ended January 2019 98.0% down slightly 0.7% of 98.7% from January 2018.

Real Estate Statistics

Nationally the median home listing price was $289,300 up 7 percent from January 2018.

The national average for homes on the market was 87 days only two days faster than this time last year.

National inventory grew 6 percent year over year while inventory in large markets increased only 12%. According to Realtor.com data.

The Las Vegas-Henderson-Paradise, NV area had a median list average of $314,994 an increase of 8% from the previous year.

Inventory overall is up 8% in the Las Vegas-Henderson-Paradise, NV real estate market. 

Las Vegas lead the country in price reductions from January 2018; price reductions were up 18% in the Las Vegas-Henderson-Paradise, NV real estate market. *source Realtor.com

Realtors Sellers Traffic Index - December 2018
January 2018February 2018March 2018
April 2018May 2018June 2018
July 2018August 2018September 2018
October 2018November 2018December 2018

Clark County Average Price Range

Clark County, Nevada median listing price during January 2019 was $316,181.  Median number of days on the market for Clark County, NV during January 2019 was 61 days. 

Month of the YearSale Price, Median
January 2018$311,762
February 2018$341,729
March 2018$335,782
April 2018$336,882
May 2018$344,536
June 2018$342,749
July 2018$339,495
August 2018$353,467
September 2018$345,229
October 2018$355,711
November 2018$339,990
December 2018$368,125

North Las Vegas Housing Market

North Las Vegas homes ended January 2019 with a median list price of $269,940, and median days on the market is at 20 days.

There are approximately 1,081listings, and sellers have a median sale to list ratio of 95.56%

Month of the YearSale Price, Median
January 2018$246,823
February 2018$243,877
March 2018$252,689
April 2018$260,235
May 2018$266,267
June 2018$267,142
July 2018$261,713
August 2018$277,418
September 2018$271,162
October 2018$276,548
November 2018$265,133
December 2018$257,667

Henderson Market Values

Henderson, Nevada saw median list price decrease to $339,900 from January 2018, median number of days on the market is up slightly to 29 days.

There are approximately 1,956 listings available and the sale to list price ratio is 96.11%

Month of the YearSale Price, Median
January 2018$380,252
February 2018$398,897
March 2018$384,101
April 2018$399,654
May 2018$401,808
June 2018$386,896
July 2018$393,987
September 2018$405,524
September 2018$383,659
October 2018$411,795
November 2018$324,167
December 2018$348,631

Vegas Housing Market Reports from 2019

January 2019

Market Reports from 2017

January 2018February 2018March 2018
April 2018May 2018June 2018
July 2018August 2018September 2018
October 2018November 2018December 2018

Market Reports from 2016

March 2016April 2016May 2016
June 2016July 2016August 2016
September 2016October 2016November 2016
December 2016

Year-to-Year Comparison of Months Supply of Inventory

Effective Months of Availability

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Summary
Las Vegas Real Estate Market Report - This Month 2019
Article Name
Las Vegas Real Estate Market Report - This Month 2019
Description
At the end of the month, there were 7,959 single-family homes on the market in Las Vegas. Read More about what's happening in the Las Vegas Real Estate Market here.
Author
Publisher Name
Lori Ballen Team
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