Las Vegas, NV December 2007 Rental Home Report

Las Vegas Area Rental Homes

Average rents increased last month, median rents up also.  Inventory has dipped and demand is very high in January traditionally.  Absorption increased slightly but spring demand will bring it back down more than likely.

Units Leased:

  • December 2007:  1156 
  • November 2007:  1452
  • October 2007:  1501
  • December 2006:  1052

Average Monthly Rental Rates:

  • December 2007:  $1531 
  • November 2007:  $1493
  • October 2007:  $1511
  • January 2007:  $1295

Median Monthly Rental Rates:

  • December 2007:  $1295 
  • November 2007:  $1200
Absorption Rate is stable and remains a Landlord's Market at 3.4 months of inventory in the Rental Sector for the Las Vegas Valley.

Last Month's Report 

 
This post has been included in Nevada Information Clark County, NV Information Las Vegas, NV Information
Post is included in group: Investors
Post is included in group: Las Vegas, NV Area Real Estate Professionals
Post is included in group: Posts to Localism
Post is included in group: Market Updates
Post is included in group: City & State: Listings and Reports

3 Comments on Las Vegas, NV December 2007 Rental Home Report

Renee:

Very interesting information about Vegas. Thanks for sharing it.

01/09/2008 05:49 PM by Alan Kirkpatrick Austin Texas Real Estate (Austin Texas Homes)

Hey Renee.  Love the pie chart.  These are very interesting stats on sale in your area.  Thanks for providing this information.  Happy New Year

01/10/2008 08:55 AM by Donald Bradbury, REALTOR Bucks County PA (The Bradbury Team at Coldwell Banker Heritage)

Alan:  You are most definitely welcome!  I am planning to give you another update by the end of the day!

Donald:  Thanks!  Happy New Year to you too!

01/10/2008 09:31 AM by Renee Burrows - Las Vegas NV Real Estate (Nevada Realty Solutions)

This blog does not allow anonymous comments
 
Real Estate Agent: Renee Burrows - Las Vegas NV Real Estate (Nevada Realty Solutions)
Renee Burrows - Las Vegas NV Real Estate
Las Vegas, NV
More about me…
Nevada Realty Solutions

Office Phone: (702) 966-2494 Ext.: 0
Cell Phone: (702) 966-2494
Email Me
Page copy protected against web site content infringement by CopyscapeSpecializing in those forgotten "at" Rhodes Ranch Communities in Southwest Las Vegas that offer peek-a-boo views of the mountains and city lights! I love to watch trends and statistics in this fascinating market! I do have a newsletter that you can subscribe to - so if you want to keep in tune with the Las Vegas Real Estate Market Conditions on a monthly basis, sign up with absolutely no obligation!
Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon Free Las Vegas Real Estate E-Newsletter! Stay in Tune with the Market!
For Email Marketing you can trust


Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find NV real estate agents and Las Vegas real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved