Las Vegas, NV Market Conditions Update for May 2007
Here are the latest real estate market statistics for Las Vegas, NV. These numbers represent single family (SFR) homes and condos. The number of homes on the market where the asking price has been reduced *: 39.8%
| Average | April 2007 | May 2007 | % Change |
|---|---|---|---|
| Asking Price | $354,933 | $320,223 | -9.8% |
| Sales Price | $343,672 | $316,587 | -7.9% |
| % of Asking Price | 97% | 99% | 2.1% |
| $/SQFT | $192 | $183 | -4.7% |
| Days on Market | 112 | 115 | 2.7% |
| Total Transactions | 1,113 | 1,114 | 0.1% |
Read detailed neighborhood overviews for real estate in Las Vegas, NV. Search for Las Vegas, NV homes and condos for sale. Read more about neighborhood profiles of the greater Las Vegas, NV area.
All numbers are from the MLS and are deemed reliable but not guaranteed. * Market numbers as of 6/5/2007: 28,517 properties on the market with 11,342 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.
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