Single family median prices reached a new high of $265,000 in Southern Nevada during September 2017.
The latest price point reflects annual appreciation of 13.5 percent. Single family closings totaled 2,920 during the month, which was flat with last year, and effective availability stood at 1.9 months (down 27.0 percent).
The condo/townhouse market posted higher sales volumes and prices from a year ago, while inventory continued to decline.
Overall foreclosure activity has virtually halted in recent months as more homeowners achieve a positive equity position and overall fundamentals strengthen.
Resale housing market conditions are expected to remain relatively stable through the remainder of 2017.
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
If you have been looking for a taste of luxury, hurry down to view the new models at The Modern, which should be completed by the end of January! The Las Vegas real estate market is coming to life again with The Modern, the first new Las Vegas luxury condo project to open during the past few years, was developed as a t...
Retirees have been a player in the local economy for decades, but the breed of retiree has shifted over the course of the years. Sure, there’s always that snowbird looking to avoid harsh winters, but California has now overtaken the conversation as the largest feeder market for the Silver State. Simple real estat...
by Lisa Albarian If you’re a Foodie or if you simply enjoy food, Las Vegas has a lot to offer! If you haven’t experienced the whole Food Truck thing, be sure to check this out: Coming up November 2 – 4 at The Silverton (just south of The Strip) is the Las Vegas Foodie Fest. If you watched the current season of...
Among the many highly experienced agents on the Tonnesen Team, Christine Durno is one of our best ! Warm regards,Christine DurnoREALTOR® Find out why people who know me continue to refer their friends and family to me.Berkshire Hathaway HomeServices Nevada Properties3185 St Rose Pkwy #100 H...
According to the U.S. Census Bureau, Nevada’s 1.95 percent population growth rate from July 2015 to July 2016 made it the second fastest-growing state in the country. With the state’s official population nearing the three million mark, how is infrastructure keeping up with growth? Major Road P...