Sales activity in the Las Vegas real estate market for October, 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:

6,653  (as of November 5, 2009) 

• Single-Family:  5,073  (2.3 month supply*)
• Condo:  1,128  (2.4 month supply)
• Townhouse:  452  (2.4 month supply)

Total Contingent and Pending Sales:

9,685  (as of November 5, 2009)

• Single-Family:  7,535
• Condo:  1,602
• Townhouse:  548

October, 2009 Sales:

Single-Family:  2,224  (Price range: $12,000 - $5,999,900) Condo:  478  (Price range: $14,700 - $1,999,000) Townhouse:  191  (Price range: $15,000 - $502,995)

Sales per month               May Jun Jul Aug Sep Oct Single Family 2037 2348 2281 2012 2089 2224 Condominium 431 522 471 451 494 478 Townhouse 159 197 188 195 183 191

Median Selling Price:

Single-Family:  $133,950 Condo:  $62,750 Townhouse:  $75,000

Median price by month               May Jun Jul Aug Sep Oct Single Family $134,000 $132,000 $132,000 $130,000 $130,000 $133,950 Condominium $60,750 $62,500 $62,000 $64,000 $60,000 $62,750 Townhouse $70,000 $70,000 $72,500 $65,000 $66,000 $75,000

Average Days on Market:

• Single-Family:  50
• Condo:  52
• Townhouse:  54

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

Previous reports:

     Las Vegas Real Estate - September, 2009 Market Statistics
     Las Vegas Real Estate - August, 2009 Market Statistics
     Las Vegas Real Estate - July, 2009 Market Statistics