Las Vegas Weekly Market Report

Fri Dec 20 2024

This week the median list price for Las Vegas, NV is $549,990 with the market action
index hovering around 35. This is about the same as last month’s market action index of 35.
Inventory has decreased to 3,353.

Market Action Index

Market Narrative

In the last few weeks the market has achieved a relative stasis point in terms of sales
to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone
so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-time Market Profile

The market plateau is seen across the price and value. The price per square foot and
median list price have both been reasonably stagnant. Watch the Market Action Index
for persistent changes as a leading indicator before the market moves from these levels.

Price per Square Foot