Friday, December 22, 2006

Las Vegas, NV November 2006 Market Update

December 22, 2006

Here are the latest real estate market statistics for Las Vegas, NV. These numbers represent single family (SFR) homes and condos. The number of homes on the market where the asking price has been reduced *: 38.1%

Average October 2006 November 2006 % Change
Asking Price $340,018 $358,420 5.4%
Sales Price $330,052 $356,130 7.9%
% of Asking Price 97% 99% 2.0%
$/SQFT $191 $203 6.3%
Days on Market 104 102 -1.9%
Total Transactions 1,380 1,043 -24.4%

As of 12/7/2006: All numbers are from the MLS and are deemed reliable but not guaranteed. * Market numbers: 15,444 properties on the market with 5,888 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.

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