October 2007 saw a healthy jump in Las Vegas Rental Home units leased from September 2007 and up from one year ago also.  Average rents have decreased from one month, median rents stable as we saw inventory rise yet absorption remained healthy.

Units Leased:

  • October 2007:  1501
  • September 2007:  1387
  • October 2007:  1102

Average Monthly Rental Rates:

  • October 2007:  $1511
  • September 2007:  $1603
  • January 2007:  $1295
  • October 2006:  $1811 (irrational jump for one month) 

Median Monthly Rental Rates:

  • October 2007:  $1295
  • September 2007:  $1295
  • October 2006:  $1200
Absorption Rate is stable and remains a Landlord's Market at 2.8 months of inventory in the Rental Sector for the Las Vegas Valley.

Last Month's Report 

Las Vegas NV Area Real Estate - REO - Short Sale - Estate - Probate - Homes For Sale

Las Vegas Real Estate Market Report Updates RSS FeedFollow Las Vegas Real EState Market Reports on Twitter!Fave Las Vegas Real EState Market Reports on Technorati!Delicious Las Vegas Real Estate Bookmarks and Links

Blog Disclaimer Important Notice

 © 2009 Renee Burrows Las Vegas Real Estate Market Report Blog

Realtor/MLS Member, NAR, NVAR, GLVARAccredited Buyer's RepresentativeSeller Representative SpecialistSenior Real Estate SpecialistAt Home with Diversity

Search Las Vegas Homes For Sale and Rental Homes Right Here!

 
This post has been included in Nevada Information Clark County, NV Information

1 Comments on Las Vegas October 2007 Rental Home Report

NOV
14
2007
407,405 Points 74 Featured Posts Outside Blog
Nice visuals...lots of green near me too:)
6:03pm • #1

This blog does not allow anonymous comments
 
Xmen Ambassador_large

Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR

Las Vegas, NV

More about me…

Encore Realty Group -Realtor>Estate>Probate>REO>Short Sale

Address: 7465 W Lake Mead # 100, Las Vegas, NV, 89128

Office Phone: (702) 966-2494 x 0

Cell Phone: (702) 580-1783

Email Me



Links

Archives

RSS 2.0 Feed for this blog

Find NV real estate agents and Las Vegas real estate on ActiveRain.