Las Vegas October 2007 Rental Home Report

Services for Real Estate Pros with Savvy Home Pix B.1000860.LLC

October 2007 saw a healthy jump in Las Vegas Rental Home units leased from September 2007 and up from one year ago also.  Average rents have decreased from one month, median rents stable as we saw inventory rise yet absorption remained healthy.

Units Leased:

  • October 2007:  1501
  • September 2007:  1387
  • October 2007:  1102

Average Monthly Rental Rates:

  • October 2007:  $1511
  • September 2007:  $1603
  • January 2007:  $1295
  • October 2006:  $1811 (irrational jump for one month) 

Median Monthly Rental Rates:

  • October 2007:  $1295
  • September 2007:  $1295
  • October 2006:  $1200
Absorption Rate is stable and remains a Landlord's Market at 2.8 months of inventory in the Rental Sector for the Las Vegas Valley.

Last Month's Report 

Posted by

Thanks,  Renée Burrows 702-580-1783 Broker/Owner, REALTOR®


copyright 2006-2013 Renee Burrows, REALTOR®, Savvy Home Realty Solutions  702-966-2494

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Neal Bloom
Brokered by eXp Realty LLC - Weston, FL
Realtor CRS-Weston FL Real Estate
Nice visuals...lots of green near me too:)
Nov 14, 2007 10:03 AM #1
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