Las Vegas Market Snapshot
As of October 2020

New Home Closings

NEW HOME MARKET SNAPSHOT Value Annual Growth
Median Home Price $396,870 +0.1%
Average Price Per Square Foot $200.87 +4.6%
No. of Closings - Month 784 -4.2%
No. of Closings - Year-to-Date 8,018 -1.3%
No. of Closings - Last 12 Months 9,712 -1.6%
New Home Permits - Month 873 -3.3%
New Home Permits - Year-to-Date 9,410 +3.6%
New Home Permits - Last 12 Months 10,791 +3.0%
Active Subdivisions 207 -6.3%
Average Sales per Subdivision 3.79 +2.3%

Existing Home Closings

EXISTING (RESALE) HOME MARKET SNAPSHOT Value Annual Growth
Median Home Price $306,350 +9.6%
Average Price Per Square Foot $184.97 +9.9%
No. of Closings - Month 4,204 +4.0%
No. of Closings - Year-to-Date 34,423 -11.5%
No. of Closings - Last 12 Months 41,385 -8.9%
Bank Repossessions - Month 4 -84.0%
Bank Repossessions - Year-to-Date 60 -84.6%
Bank Repossessions - Last 12 Months 99 -80.7%
MLS Listings (Available) 5,657 -34.8%
Effective MLS Inventory (in Months) 1.5 -41.0%