LVR Las Vegas
LVRdata.com is a joint effort of Las Vegas REALTORS (r) and Las Vegas-based Applied Analysis. LVRdata.com combines the market expertise and data on housing markets of LVR and Sales Traq with technology and knowledge from Applied Analysis and Sales Traq and their MyResearcher.com platform. The joint venture is intended to give Realtors(r), the tools they need to educate and serve their clients. The system is available to all members as part of dues. They are encouraged to use it on a daily basis.
LVR Las Vegas is a leading provider of real estate data, analytics and services. LVR’s complete MLS® dataset and large-scale solutions for real estate professionals in the Las Vegas area provide unique and valuable insights into the region’s housing markets. LVR also offers a rich set of online tools that Realtors(r) can use to help their clients with information on LVR’s housing market analytics, LVR Forecaster and LVR Trends . LVR Las Vegas also provides a number of value-added services including closing cost valuations , custom research reports and data requests.
Las Vegas REALTORS (r) released a report that shows how the new year didn’t change the direction of the Nevada housing market. Home prices hit a record high in midst a tight supply. LVR reports that January saw the median sale price for single-family homes in Southern Nevada via its Multiple Listing Service.
Based on the median sale price, home sales were flat and listings declined.
Mid-year numbers showed a year-over-year (YOY) increase in sales prices as well as median sales price which was up 9 percent YOY. The median days on market (DOM) also saw a decline of 20 percent YOY further supporting the strength in the market.
Sales Traq has found that it is becoming harder for buyers to find affordable single-family homes across the Las Vegas Valley. The report shows that more than 99 percent of units sold quickly at or above list price with an average DOM of less than one day.
LVRdata.com reports that home prices continue to rise in the valley. According to a January report, the median sales price for a single-family home in Las Vegas reached a new all-time high in November 2021. This follows strong price growth reported in October and September 2021.
The news release says that data from LVRdata.com shows that despite month-over-month price growth dropping from a near-record high to a still-strong 1 percent, the median sales price for a single-family home in Las Vegas reached a new all-time high of $290,000 in November 2021.
Las Vegas REALTORS (r) released a report that showed 2021 saw a record number of homes sold in Southern Nevada. More than 50,000 properties were sold despite rising housing prices and tight supply. LVR stated that Southern Nevada’s median home price for single-family homes was $2,090. [Read more about LVR reports rising prices and record year of home sales in Southern Nevada
Even as home prices continue to rise, the Las Vegas housing market is normalizing. According to LVR, the median price for single-family houses in September was $407,500. This number comes from the Multiple Listing Service (MLS). This is still a big gain from September’s all-time record of over $406,500. The housing market in South Nevada is recovering, but it is still setting new benchmarks.
Las Vegas REALTORS(r) released a report showing that Southern Nevada home prices have passed the $400,000 mark, while supply continues to exceed demand. LVR stated that July saw a $405,000 median sale price for single-family homes in Southern Nevada via its Multiple Listing Service. This surpasses the $395,000 record set just a few years back.
According to LVR’s recent report, the market for housing in Las Vegas started 2021. Home prices are still increasing and housing supply is shrinking. LVR, formerly the Greater Las Vegas Association of REALTORS (r), reported that Southern Nevada’s Multiple Listing Service (MLS) has shown that the median home price for single-family homes was $21,011.
Contact Las Vegas Agent Formula for more information.
