Greater Las Vegas Real Estate Market Report For September 2019

 

The number of combined closings totaled to 3,430 sales.  That is a 14.1 percent increase compared to last year.  Median closed sales price for SFH is $310,000 which is a 3.3% increase from 2018.

 

The residential market has improved in the recent months but remains 4.2% off the 2018 pace.

 

We are seeing a downward price pressures in the current market.  This could be because of so many factors.  One factor is the reflection of growing affordability issue as homes at the lower price points begin to vanish in the current market.

 

If you are looking to sell your home in the current real estate market or simply looking to purchase a new home, my team of experts can help.