Overall availability in the Southern Nevada resale housing market continued to tighten through November 2017, which contributed to rising prices.
The single family market posted 1.8 months of effective inventory, while the condo/townhouse segment reported 1.3 months.
Median single family pricing reached $261,500 during the month (+9.0 percent from a year ago), while condo/townhouse prices appreciated 19.9 percent on the year to a new high of $141,500.
The number of trustee deeds (foreclosures) spiked in November largely due to regulatory adjustments.
As 2017 comes to a close, the expectation heading into early-2018 would suggest current trends will prevail as economic and housing fundamentals remain stable.
Team Leader, The Tonnesen Team
Berkshire Hathaway HomeServices, Nevada
3185 St Rose Pkwy #100 Henderson, NV 89052
With over 30 years of experience helping families call Las Vegas "home!"
Related Blog Posts
Zillow Group report details affordability struggles as real estate demand overwhelms supply Key Takeaways Inventory absorption and home prices are rising so fast that homebuyers -- particularly millennials -- are going over budget and turning to friends and relatives for down-payment help. Buye...
We are truly excited to announce the launch of our newly redesigned web site at www.GreatLasVegasHomes.com. The new site has much more information on specific housing communities and condo developments, with on-page statistics for high, low and median prices within each community and direct links to listings by price r...
Bark in the ParkMarch 8, 201410:00 AM - 3:00 PM Join The City of Henderson Parks and Recreation department as they celebrate the 11th anniversary of Bark in the Park. Bark in the Park activities will take place at one of Henderson’s newest parks, Cornerstone Park. Expect five hours of fun for you and your pet. B...
The results from the FBI crime statistics are in, and Henderson Nevada made the 2012 list of the top 20 safest cities to live in the United States. Statistics took into account the size of the population vs the number of violent crimes, including rape and murder. Ironically, in 2008 Henderson also mad...