Real Estate Blog - Las Vegas, NV December 2007 Rental Home Report

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Las Vegas, NV December 2007 Rental Home Report

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

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Posted by Renee Burrows - Las Vegas NV Valley - Homes For Sale - SRES - SRS - AHWD - ABR on 01/09/2008 01:32 PM

Comments (3)

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Originally posted at: Nevada Real Estate >> Las Vegas Real Estate Specialist: Las Vegas, NV December 2007 Rental Home Report

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

JAN

2008

Renee:

Very interesting information about Vegas. Thanks for sharing it.

JAN

2008

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

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!

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