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Las Vegas Weekly Market Report

Fri Nov 13 2024

This week the median list price for Las Vegas, NV is $551,900 with the market action
index hovering around 36. This is less than last month’s market action index of 37.
Inventory has held steady at or around 3,500.

Market Action Index

Market Narrative

The market has been cooling over time and prices plateaued for a while. Despite
the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI.
If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently
or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-time Market Profile

The market is hovering around this plateau. Look for a persistent change in the
Market Action Index before we see prices deviate from these levels.

Price per Square Foot

Disclaimer

Note that this is an average for the area and that the actual value could be drastically
different due to supply and demand market conditions.

Please reach out to me if you're out in the market to get an accurate selling price.

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