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Las Vegas NV May 2010 Rental Home Market Report

Renters are becoming buyers finally as resale purchase prices drop and economic conditions in the valley are preventing high numbers of new incoming residents to move here.  This has softened rental prices slightly as many investors are buying all cash in the market currently and then renting.  More homes available for rent (higher supply) and less renters (lower demand.) 
Units Leased:
June 2010:  2214 May 2010:  2049 April 2010:  2210 March 2010:  2269 February 2010:  2100 January 2010 1784 December 2009:  1713 November 2009:  1691 October 2009:  2015 September 2009:  1849 August 2009:  2011 July 2009:  2029 June 2009:  1853 May 2009:  1760  Average Monthly Rental Rates:
June 2010:  $1410 May 2010:  $1254 April 2010:  $1413 March 2010:  $1193 February 2010:  $1731 January 2010:  $1582 December 1009:  $1313 November 2009:  $1313 October 2009:  $1264 September 2009:  $1477 August 2009:  $1255 July 2009:  $1405 June 2009:  $1299 May 2009:  $1348 Median Monthly Rental Rates:
June 2010:  $1100 May 2010:  $1150 April 2010:  $1100 March 2010:  $1100 February 2010:  $1100 January 2010:  $1100 December 2009:  $1100 November 2009:  $1100 October 2009:  $1125 September 2009:  $1150 August 2009:  $1150 July 2009:  $1195 June 2009:  $1195 May 2009:  $1200 Las Vegas Area remains a Landlord's ... more

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