Las Vegas Housing Market Update - November 2018
The number of homes for sale continues a steady increase. Today we have 6915 single family homes for sale. Condos and town homes add 2046 options. Home buyers have a total of 8961 homes available today. That’s up slightly from 8831 last month. It’s a huge increase over the 5564 homes for sale this time last year. It’s only .01% over last month’s inventory. It’s a 61% increase over last year.
We sold 2299 Single Family Homes in November. We sold 625 condos and townhomes. Total homes sold was 2927 for the month. That’s 14.6% less than in October. It’s 8.8% less than we sold in November 2017.
The median home price remained stable at $295K in November. Highest for the year was $300K in…