Las Vegas real estate - April, 2008 market statistics

Listed below are the current inventory and April, 2008 statistics for home sales in the Las Vegas, Nevada real estate market. 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!

Total Homes Available:

14,074  (as of May 10, 2008) 

• Single-Family:  10,295  (9.4 month supply*)
• Condo:  2,848  (28.2 month supply)
• Townhouse:  931  (14.1 month supply)

Total Contingent and Pending Sales:

3,764  (as of May 10, 2008)

• Single-Family:  3,213
• Condo:  411
• Townhouse:  140

April, 2008 Sales:

Single-Family:  1,096  (Price range: $60,000 - $3,700,000) Condo:  101  (Price range: $27,000 - $1,410,000) Townhouse:  66  (Price range: $65,000 - $287,000)

Sales per month   Nov Dec Jan '08 Feb '08 Mar '08 Apr '08 Single Family 582 544 575 632 854 1096 Condominium 81 75 87 92 91 101 Townhouse 54 51 44 38 64 66

Median Selling Price:

Single-Family:  $230,000 Condo:  $133,000 Townhouse:  $169,500

Median price by month   Nov Dec Jan '08 Feb '08 Mar '08 Apr '08 Single Family $260,000 $260,000 $249,000 $243,950 $240,000 $230,000 Condominium $163,800 $160,000 $146,000 $138,550 $154,500 $133,000 Townhouse $193,500 $201,000 $198,000 $170,000 $182,250 $169,500

Average Days on Market:

• Single-Family:  75
• Condo:  90
• Townhouse:  93

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

Neighborhood reports - 4th quarter, 2007:

See also:
     Las Vegas real estate - March, 2008 market statistics
     Las Vegas real estate - February, 2008 market statistics
     Las Vegas real estate - January, 2008 market statistics