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 

 

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

JAN
09
2008
113,195 Points 1 Featured Post Outside Blog

Renee:

Very interesting information about Vegas. Thanks for sharing it.

5:49pm • #1
JAN
10
2008
416,258 Points 3 Featured Posts Outside Blog
Hey Renee.  Love the pie chart.  These are very interesting stats on sale in your area.  Thanks for providing this information.  Happy New Year
8:55am • #2
383,617 Points 48 Featured Posts Localism Sponsor Outside Blog

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!
9:31am • #3

This blog does not allow anonymous comments
 
Rainmaker_large

Renee Burrows - Las Vegas NV. ASK ABOUT -1st Time Buyer Down Payment Assistance!

Las Vegas, NV

More about me…

Nevada Realty Solutions - Realtor - Estate - Probate - REO

Address: 8942 Spanish Ridge Avenue, Las Vegas, NV, 89148

Office Phone: (702) 966-2494 x 0

Cell Phone: (702) 966-2494

Email Me


If you like my blogs you can get them added to your status update feeds by making me your friend on FACEBOOK!
Renee Zych-Burrows's Facebook profile My Zimbio
Top Stories Real Estate Blogs - BlogCatalog Blog DirectoryPage copy protected against web site content infringement by Copyscape 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!<!-- BEGIN: Constant Contact Stylish Email Newsletter Form -->
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!
<!-- END: Constant Contact Stylish Email Newsletter Form --> <!-- BEGIN: SafeSubscribe -->
<!-- END: SafeSubscribe --> <!-- BEGIN: Email Marketing you can trust -->
For Email Marketing you can trust
<!-- END: Email Marketing you can trust -->

<!-- Start of StatCounter Code -->



Links

Archives

RSS 2.0 Feed for this blog

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