Las Vegas Market Watch

MARKET REPORT / Las Vegas, NV Thu Sep 16 2021

September 16, 2021
By Lori Smallwood
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This week the median list price for Las Vegas, NV is $499,500 with the market action index hovering around 67. This is less than last month's market action index of 70. Inventory has held steady at or around 2,449. Click here to stay informed with the Las Vegas market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Las Vegas market.
Median List Price   $499,500
Median Price of New Listings   $435,000
Per Square Foot   $235
Average Days on Market   66
Median Days on Market   21
Price Decreased   29%
Price Increased   7%
Relisted   7%
Inventory   2,449
Median Rent   $2,100
Market Action   67
Strong Seller's Market

Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

September 16, 2021
By Lori Smallwood