Las Vegas Luxury Home Source February 2018 Market Statistics

Las Vegas Luxury Home Source February 2018 Market Statistics

The Las Vegas housing market is slowing down as prices continue to rise. With less than a two month supply of homes, the Las Vegas housing market is starting to feel the squeeze. Las Vegas saw a 4.4% decrease in homes listed in February. 3,167 homes hit the market at a median list price of $290,000, an 8.5% increase in median listing price from February 2017.

Not only are homes selling for more, they are not staying on the market long. 63.3% of homes listed were on the market for less than thirty days. That is up 4.7% from January 2018 and 11.3% from February 2017.

The condo market is experiencing similar performance. The number of new listings were down 4.3% from January 2018 with only 761 units hitting the market. The median condo list price was $160,000. This is up 4.6% from January 2018, and up 23.2% from Febrary 2017.  A staggering 70.8% of condo’s listed had offers in under 30 days.


Las Vegas Luxury Home Source February 2018 Market Statistics from Luxury Home Source

2017 was the third best sales year on record for the Las Vegas housing market with over 46,000 homes sold. With homes selling faster, do you think sales in 2018 will break this record?

img

Luxury Home Source

    Related posts

    Las Vegas Luxury Home Source January 2018 Market Statistics

    The 2018 Las Vegas housing market is gearing up for another year of record numbers. With shrinking...

    Continue reading
    Luxury Home Source
    by Luxury Home Source

    Las Vegas Housing Market December 2017 Statistics

    Thinking about buying a Las Vegas home in 2018? Contact us to get an even more detailed...

    Continue reading
    Luxury Home Source
    by Luxury Home Source

    A Strong Real Estate Market is Predicted For 2017

    The chief economist of the Leading Real Estate Companies of the World, Marci Rossell, is predicting...

    Continue reading
    Luxury Home Source
    by Luxury Home Source