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Listed below are the current inventory and November, 2007 statistics for home sales in the Las Vegas, Nevada real estate market:

Total Homes Available:

16,759  (as of December 3) 
  • Single-Family:  12,361  (21.2 month supply*)
  • Condo:  3,251  (40.1 month supply)
  • Townhouse:  1,147  (21.2 month supply)

November, 2007 Sales:

  • Single-Family:  582  (Price range: $80,000 - $4,500,000)
  • Condo:  81  (Price range: $63,000 - $1,070,000)
  • Townhouse:  54  (Price range: $85,000 - $613,000)
 
  Jun Jul Aug Sep Oct Nov
Single Family 890 799 782 610 611 582
Condominium 162 145 138 105 105 81
Townhouse 96 91 88 61 46 54

Median Selling Price:

  • Single-Family:  $260,000
  • Condo:  $163,800
  • Townhouse:  $193,500
 
  Jun Jul Aug Sep Oct Nov
Single Family $299,450 $290,000 $296,338 $280,000 $270,000 $260,000
Condominium $170,000 $176,500 $172,250 $163,000 $152,000 $163,800
Townhouse $210,500 $214,000 $207,500 $185,900 $187,250 $193,500

Average Days on Market:

  • Single-Family:  82
  • Condo:  84
  • Townhouse:  113
 
  Jun Jul Aug Sep Oct Nov
Single Family 70 71 72 77 78 82
Condominium 92 88 97 100 99 84
Townhouse 77 70 71 127 81 113

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

If you have any questions or need more information about real estate in Las Vegas, Nevada call me at (702) 339-9700 or email me at JohnNovak@kw.com. I'm looking forward to earning your business!

Neighborhood reports - 3rd quarter, 2007:
     Blue Diamond Ranch
     Blue Diamond Springs
     Breamoor Heights
     Concordia at Deer Springs
     Concordia at Lone Mountain West
     El Capitan Ranch
     Elkhorn Springs
     Los Prados
     Maryland Pebble
     Nevada Trails
     Silverado Hills
     Silverado Trails
     
See also:
     Las Vegas real estate - October, 2007 market statistics
     Las Vegas real estate - September, 2007 market statistics
     Las Vegas real estate - August, 2007 market statistics
     Las Vegas real estate - July, 2007 market statistics

 

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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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