The Las Vegas Housing Market Remains Active! While listing inventory continues to creep up ever so slightly, the Las Vegas real estate market supply continues to remain stable at 8.9 months. This is good news as prices continue to slip - now averaging close to 50% less than the market peak in 2006. Inventory absorption is critical to a recovering market. The million dollar market is dead. Fewer homes qualify for the market segment due to price declines. Million dollar closings though are off 366% compared to last year in the same time frame. 2009 continues the momentum established in the 2nd half of last year with a moderate number of closings through the first 4 weeks-up 108% compared to 2008.
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Real Estate Resources
Las Vegas real estate market data. MLS statistics and market trends done weekly.