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Las Vegas Housing Market Report

Las Vegas Housing Market Report June 30th 2014
Las Vegas Housing Market Report June 30th 2014
Single Story In Vegas With Sparkling Pool Asking $245,000

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory in Las Vegas - Henderson, NV.

Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

The Market Action Index has been trending down lately, while inventory is climbing. These trends imply a weakening market.

Supply and Demand:

The market has started cooling and prices have recently plateaued.

Since we're in the Seller's zone, if the Market Action Index resumes it's climb, prices will likely follow suit.

If the Market Action Index drops consistently or falls into the Buyer's zone, watch for downward pressure on prices.

Market Action Index as of June 30th, 2014: Sellers Advantage: 38.9

The median list price in Las Vegas, NV as of June 30th is: $245,000

Asking Price Per Square Foot: $117

Percent of Properties With Price Decrease: 36%

Median House Size 2045 SF

Median Lot Lot: 4500 SFf - 6500 SF

Median Number of Bedrooms: 3

Median Number of Bathrooms: 3.5

Characteristics Per Quartile By Price

Most expensive 25% of properties Top 25% $539K 3583SF

Upper-middle 25% of properties Upper Second $339K 2382SF

Lower-middle 25% of properties Lower Third $204K 1813 SF

Least expensive 25% of properties Bottom Fourth $138K 1401 SF

Got A House To Sell in Las Vegas? Let's Get It SOLD!