Youā€™ll šŸ˜These Kitchens
View Them Now

Youā€™ll šŸ˜These Kitchens

View Them Now
Do you want content like this delivered to your inbox?
Share
Share

10 Real Estate Stats for Greater Las Vegas May 2016ā€¦.is it a buyers market or a sellers market?

Jenny Adams

She is committed to making your real estate transaction as smooth as possible...

She is committed to making your real estate transaction as smooth as possible...

Feb 6 3 minutes read


Multiple Listing Service of Greater Las Vegas
 
Monthly Statistics May 2016
Below are some highlights from the May Single Family Residential Sales Statistics:

  1. Total Sales Volume increased to $744,476,307 this month, a 4.3% increase from April's number of $713,854,635 and has risen by 10.1% since May 2015.  
  2. The Average Sales Price this month was $274,917 from $253,320 in April, a 8.5% increase.  
  3. Average List Price of $336,550 is down 0.5% from April's number of $380,457.
  4. Total Under Contract increased by 2.36%. 
  5. Total Unit Sales decreased this month by 3.9% going from 2,818 in April to 2,708 in May decreasing 1.6% over May 2015.
  6. The Median Sales Price increased to $229,250.
  7. New Listings decreased 1.8% from April.
  8. Total Active Listings of 7,626 is a increase of 5.7% since April's number of 7,357.
  9. 71.2% of all existing single family homes sold within 60 days, consistent with the 2 month market absorption rate, making Las Vegas a sellers market.
  10. Cash Sales equaled 28.2% of the homes sold, a decrease from 29.1% May 2015


To find out what your home is worth click here.

To see all homes for sale click here.


Source: Greater Las Vegas Association of REALTORSĀ® 

DISCLAIMER: This data is based on information from the Greater Las Vegas Association of REALTORSĀ® (GLVAR) Multiple Listing Service (MLS). This information is deemed reliable but is not guaranteed. MLS collects, compiles and distributes information about homes listed for sale by its subscribers who are real estate agents. MLS subscription is available to all real estate agents licensed in Nevada, but is not available to the general public. Not all licensed agents subscribe to the MLS. MLS does not include all new homes available or listings from non-MLS agents, nor does it include properties for sale by owner. The territorial jurisdiction of the GLVAR as a member of the National Association of REALTORSĀ® includes Clark, Nye, Lincoln and White Pine Counties, Nevada, and such other areas as from time to time may be allocated to the GLVAR by the Board of Directors of the National Association of REALTORSĀ®. 

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info