Las Vegas Market Stats

Services for Real Estate Pros

According to Greater Las Vegas Association of Realtors (GLVAR) stats, southern Nevada has seen four straight months of increaced home sales.  A slight decrease in the median price of house, condos and townhouses, was also seen.  The decrease is attributed to bank-owned properties and short sales.  More than half the homes sold in southern Nevada are bank owned or short sale properties.  The likelihood of it being a better buyer's market in the future is slim to none.  If you are thinking of purchasing a home or investing in some property now is the time!


  • Total number of single family homes/condos/townhouses sold in April was 2,006.  That's up almost 22% from March (1,478). These figures are UP almost 17% in one month!
  • The median price of a house is currently $235,875 a decrease of 3% since March 2008
  • The median price on a condo/townhouse has decreased 4.9% from March to April 2008 to $155,000.
  • Lisings on houses, condos and townhouses have increased approximately 1% with a total of 28,315 currently for sale

housesAll information is per the GLVAR MLS service and is deemed accurate but not guaranteed. 

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Pam Joffe
Solaris Realty - Tampa, FL

Good afternoon Mary - That is good news, keep selling those homes! We seem to be busier as well!

Jun 12, 2008 02:02 PM #1
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Mary Warren

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