Las Vegas Home & Condo Sales Continue to Climb!

September 2020 Stats & Price Trends for Las Vegas Real Estate

Sales and price trends for Las Vegas real estate showed dramatic increases this September. Not only the number of sales, but property values, the percent of list price that sellers received and improvements to the number of days on the market. It was a "win win" for both buyers and sellers of Las Vegas Homes and condos.

Las Vegas Single-Family Home Sales

September closed home sales at 2,178 were up 18.4% from September 2019. What a boost that was! It was as though buyers jumped off the fence and said, "I'm in!" This, in spite of a 12.6% increase in average home prices - currently sitting at $405,641. Sellers received a record 99% of the average list price and homes only remained on the market about 35 days.

Similar to condos, our supply sits at only 2 months, so if you're thinking of listing your home - now is the time! Congratulations to these happy home buyers and sellers we've had the pleasure of working with.

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Las Vegas Condo Sales

This was such a positive boost in condo sales with numbers we haven't seen since last March and a 9.5% increase from August. Only averaging 43 days on the market, and sales prices averaging $196,306, we've got a ton of happy condo sellers out there in Las Vegas. This is great to see. Now if we could only build up the inventory numbers by increasing the number of listings, and a get a little more competition, our buyers would be just as thrilled.

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Las Vegas New Construction Sales

In September builders had to be happy to see interest in new construction homes picking up.

• Closed Sales: 1,098 - up .5% from September 2019. In addition there were another 1,167 pending sales.
• Median Sales Price: $404,925, up 3.1%. The median price per square foot is $183.
• Average % of List Price: 98.7%
• Days on the Market: 63 days
• Months Supply: 3 months

In the market for a new construction home in Las Vegas? Here are some popular searches that you may find helpful. Don't forget, you can always send off a message to Leslie describing the type of home you're seeking, and she will be happy to provide recommendations.

• Las Vegas New Construction Updates for August - The latest new subdivisions just announced by local Las Vegas builders.
• Las Vegas Builders & New Homes for Sale - Search actively selling Las Vegas builders, view floorplans, model homes and prices.

Search all new builder homes in the Las Vegas area not yet listed on the MLS: