Homie’s Las Vegas, Nevada Housing Market Update September 2020
Even as Las Vegas finally starts to cool down, the real estate market keeps on heating up. Read below for Homie’s update. In September, the real estate market saw growth on all fronts including # of listings, # units sold, and in terms of median listing and sales price. The market also saw month-over-month growth which might indicate that buyers and sellers are becoming more comfortable in the existing real estate market. Here’s the full breakdown: Monthly Sales According to the data from the GLVAR® from September 2020, Las Vegas real estate realized a whopping 18.9% increase in the number of single-family units sold compared to 2019. List Price Average new list prices stay strong year over year as September records a 9.3% increase in new listing prices for single-family units and a strong 13.6% increase for condo/townhouse units. Data from the GLVAR® from September 2020 and September 2019. Sale Price Property prices continued to grow as this seller market keep...