Listed below are the current inventory and May, 2009 statistics for home sales in the Las Vegas real estate market. If you have any questions or need more information about real estate in Las Vegas, call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business!

Total Homes Available:

9,242  (as of June 3, 2009) 

• Single-Family:  6,479  (3.2 month supply*)
• Condo:  2,102  (4.9 month supply)
• Townhouse:  661  (4.2 month supply)

Total Contingent and Pending Sales:

8,083  (as of June 3, 2009)

• Single-Family:  6,363
• Condo:  1,290
• Townhouse:  430

May, 2009 Sales:

Single-Family:  2,037  (Price range: $22,000 - $9,500,000) Condo:  431  (Price range: $17,000 - $1,050,000) Townhouse:  159  (Price range: $14,000 - $329,000)

Sales per month               Dec Jan Feb Mar Apr May Single Family 1471 1448 1435 1920 1969 2037 Condominium 260 263 267 352 407 431 Townhouse 109 94 90 134 167 159

Median Selling Price:

Single-Family:  $134,000 Condo:  $60,750 Townhouse:  $70,000

Median price by month               Dec Jan Feb Mar Apr May Single Family $169,900 $151,500 $149,000 $140,000 $130,000 $134,000 Condominium $79,700 $70,000 $69,900 $63,850 $57,100 $60,750 Townhouse $107,500 $93,625 $78,950 $73,950 $71,126 $70,000

Average Days on Market:

• Single-Family:  65
• Condo:  81
• Townhouse:  72

GLVAR deems information reliable but not guaranteed. Information is for MLS areas 201-505.
* - Supply = Homes Available/May Sales

Previous reports:

     Las Vegas Real Estate - April, 2009 market statistics
     Las Vegas Real Estate - March, 2009 market statistics
     Las Vegas Real Estate - February, 2009 market statistics
     Las Vegas Real Estate - January, 2009 market statistics