Tag Archives: stable

Report: Las Vegas housing market more stable, predictable

Las Vegas used-home costs have been largely flat for 4 successive months, a brand-new report shows, and sales volume is moving.

The typical prices of single-family homes last month was $220,000, the same from August but up 8.6 percent from a year previously, according to the Greater Las Vegas Association of Realtors.

Purchasers picked up 2,721 single-family houses in September, down 11 percent from August but up 14.3 percent year over year.

At the same time, there were 8,134 single-family homes noted for sale however without offers by the end of last month, up 9.4 percent from August however down slightly– 0.8 percent– from a year earlier.

The GLVAR reports information from its listing service, which largely comprises formerly had houses.

The industry group said prices were “remarkably steady” last month.

“Our local housing stats have actually ended up being pretty foreseeable this year and more steady than they have actually been in a number of years,” GLVAR President Keith Lynam said in the report. “And stable and predictable are great things for homeowners and for the regional housing market. It’s definitely more effective to the real estate roller rollercoaster ride we experienced over the previous years.”

In general, single-family house costs have been largely the exact same because June, and sales totals have slid the past two months, GLVAR data reveal.

In August, the median rate was $220,000 and owners offered 2,855 houses; in July, the average cost was $218,000 and purchasers got 3,180 houses; and in June, the typical price was $220,000 and owners sold 3,056 houses.