Las Vegas Real Estate Market Heating Up!
This quick look at the market trends for Las Vegas real estate in February 2019 shows stats are on the rise. With 3 months of inventory, more new listings, and rising prices for homes and condos, this is definitely a good time to be buying or selling a home, condo or townhouse in Las Vegas.
Stats provided by GLVAR, the Greater Las Vegas Association of Realtors.
Las Vegas Single Family Homes
By the end of February, the Las Vegas real estate market for single-family homes had 3 months worth of inventory, a 57.9% increase over last year. Pending Sales were up 1.7% and Average Sales Prices were up 3.7%. Homes sat on the market a little longer, 49 days, but still received over 98% of the asking price.
Las Vegas Townhouses & Condos
As with houses, townhouses and condos in Las Vegas have a healthy 3 months of inventory (up 66.7%), and 13.7% more new listings. There were 576 Pending Sales on the books and Average Sales Prices were up 12.5%.
By Leslie Hoke
Las Vegas Homes By Leslie
8010 W Sahara Ave #150, Las Vegas, NV 89117
Direct: (702) 321-1763 Fax: (702) 224-2146
Premier Realty Group