Las Vegas Real Estate on the Rise in June 2020

Admittedly, I was somewhat apprehensive pulling the stats together for the June 2020 report on Las Vegas real estate sales. But, after running the numbers, I've got every reason to be optimistic. Although sales haven't reached 2019 heights, sales for both single-family homes and condos have increased since May, and prices are also on the rise. Sellers are getting over 98% of their asking price and homes are selling quicker than ever, after an average of just 38 days on the market.

Las Vegas Single Family Home Sales for June 2020

Single-Family Home sales surpassed April and May by 47% with 1,596 Closed Sales.

Single-Family Home Closed Sales
May: 1,084
June: 1,596

Average Sales Price
May: $375,241
June: $378,957 up 6.7% from June 2019

Current as of June 2, 2020. All data from Greater Las Vegas Association of REALTORS® MLS. Report © 2020 ShowingTime.

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Las Vegas Condo & Townhome Sales for June 2020

Townhouse/Condo sales are also on the rise, 36% higher than May of 2020.

Townhouse/Condo Closed Sales
May: 252
June: 343

Average Sales Price
May:
June: 187,349 up 3.8% from June 2019

Current as of June 2, 2020. All data from Greater Las Vegas Association of REALTORS® MLS. Report © 2020 ShowingTime.

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Get even more in the know with these informative reports on the Top Selling Neighborhoods During the COVID Crisis - complete with pricing, the Top 55+ Retirement Communities in Las Vegas, and a snapshot of all the new growth on the horizon for in 2020:

Top Selling Neighborhoods During the 2020 COVID-19 Crisis

Top 55+ Retirement Communities in Las Vegas

New Growth on the Horizon for Las Vegas in 2020

Clark County Tax Rates for 2019/2020