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

6,512  (as of January 5, 2010) 

  • Single-Family:  5,087  (2.4 month supply*)
  • Condo:  959  (2.1 month supply)
  • Townhouse:  466  (3.4 month supply)

Total Contingent and Pending Sales:

8,895  (as of January 5, 2010)

  • Single-Family:  6,876
  • Condo:  1,491
  • Townhouse:  528

December, 2009 Sales:

  • Single-Family:  2,122  (Price range: $24,000 - $2,900,000)
  • Condo:  456  (Price range: $15,000 - $700,000)
  • Townhouse:  136  (Price range: $12,000 - $265,000)
Las Vegas Real Estate Sales
Sales per month            
  Jul Aug Sep Oct Nov Dec
Single Family 2281 2012

2089

 2224 1931 2122
Condominium 471 451 494 478 405 456
Townhouse 188 195 183 191 153 136

Median Selling Price:

  • Single-Family:  $134,993
  • Condo:  $60,000
  • Townhouse:  $73,900
Las Vegas Real Estate Prices
Median price by month            
 

Jul

 Aug Sep Oct Nov Dec
Single Family $132,000 $130,000 $130,000 $133,950 $134,000 $134,993
Condominium $62,000 $64,000 $60,000 $62,750 $65,000 $60,000
Townhouse $72,500 $65,000 $66,000 $75,000 $76,000 $73,900

Average Days on Market:

  • Single-Family:  52
  • Condo:  45
  • Townhouse:  53

             
  Jul Aug Sep Oct Nov Dec
Single Family 61 57 51 50 49 52
Condominium 61 51 50 52 45 45
Townhouse 68 59 55 54 54 53

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

Previous reports:

     Las Vegas Real Estate - November, 2009 Market Statistics
     Las Vegas Real Estate - October, 2009 Market Statistics
     Las Vegas Real Estate - September, 2009 Market Statistics

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

 
This post has been included in Nevada Real Estate News Clark County, NV Real Estate News Las Vegas, NV Real Estate News
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John Novak - Las Vegas and Henderson NV Real Estate

Las Vegas, NV

More about me…

Keller Williams Realty The Marketplace

Address: 2230 Corporate Circle, Suite 250, Henderson, NV, 89074

Office Phone: (702) 939-0000

Cell Phone: (702) 339-9700

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News, statistics, and observations about the residential real estate market in southern Nevada, and my experiences and thoughts about being a REALTOR®.

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