Greater Las Vegas, NV MLS Recap for May 2006
Here are the latest real estate market statistics for Greater Las Vegas Area. These numbers represent single family homes and condo sales only. The percentage of homes on the market where the asking price has been reduced: 32.8% **
| Average | April 2006 | May 2006 | % Change |
|---|---|---|---|
| Asking Price | $345,528 | $353,947 | 2% |
| Sales Price | $344,720 | $346,573 | 1% |
| % of Asking Price | 100% | 98% | -2% |
| Days on Market | 87 | 86 | -1% |
| $/SQFT | $199 | $196 | -2% |
| Total Transactions | 2,914 | 2,969 | -2% |
** As of 6/6/2006: All numbers are from the MLS and are deemed reliable but not guaranteed. 21,434 properties on the market with 7,024 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.
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