Sales activity in the Las Vegas real estate market for June, 2009 and current Las Vegas real estate inventory is summarized below. 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:

8,345  (as of July 4, 2009) 

• Single-Family:  5,837  (2.5 month supply*)
• Condo:  1,916  (3.7 month supply)
• Townhouse:  592  (3.0 month supply)

Total Contingent and Pending Sales:

8,390  (as of July 4, 2009)

• Single-Family:  6,556
• Condo:  1,372
• Townhouse:  462

June, 2009 Sales:

Single-Family:  2,348  (Price range: $19,000 - $3,950,000) Condo:  522  (Price range: $15,000 - $2,225,000) Townhouse:  197  (Price range: $15,750 - $425,000)

Sales per month               Jan Feb Mar Apr May Jun Single Family 1448 1435 1920 1969 2037 2348 Condominium 263 267 352 407 431 522 Townhouse 94 90 134 167 159 197

Median Selling Price:

Single-Family:  $132,000 Condo:  $62,500 Townhouse:  $70,000

Median price by month               Jan Feb Mar Apr May Jun Single Family $151,500 $149,000 $140,000 $130,000 $134,000 $132,000 Condominium $70,000 $69,900 $63,850 $57,100 $60,750 $62,500 Townhouse $93,625 $78,950 $73,950 $71,126 $70,000 $70,000

Average Days on Market:

• Single-Family:  66
• Condo:  66
• Townhouse:  83

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

Previous reports:

     Las Vegas Real Estate - May, 2009 market statistics
     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