I'm reporting Las Vegas home sales for the month of August 2009. Due to limited data I researched the data myself from the Multiple Listing Service. Please note the statistics does not include new home sales.

Total units of single family homes sold 3,232
Most of the sales volume comes from North Las Vegas with 748 units sold, followed by Southwest with 699 units sold.
Average days on market is 24 days
Average price/sqf varies by location (see details below)
It is now becoming a seller's market as we have less than 5 months of inventory for all homes sold in August
A buyer's market is with more than 11 months of inventory while a stable market is at inventory level between 6 to 10 months

Breakdown of sold units by location:
North - 748 (medium price/sqf $67)
Southwest - 699 (medium price/sqf $84)
Northwest - 518 (medium price/sqf $77)
East - 464 (medium price/sqf $53)
Southeast - 404 (medium price/sqf $99)

Home sale prices are close to the list price of all homes on the market in all different location. Refer to data below on medium list prices versus sales prices.

North - Medium List Price $124,900 vs Sales Price $126,100 with 24 DOM (days on market)
Northwest - Medium List Price $134,450 vs Sales Price $135,950 with 24 DOM (days on market)
Southwest - Medium List Price $159,500 vs Sales Price $160,000 with 21 DOM (days on market)
Southeast - Medium List Price $205,450 vs Sales Price $205,500 with 27 DOM (days on market)
East - Medium List Price $74,950 vs Sales Price $75,500 with 27 DOM (days on market)

For questions on the Las Vegas market contact me at 702-212-2288. My team and I have sold over $2,537,400 in sales volume thus far this year. We are your trusted advisor in the city!