Las Vegas Housing Inventory Crunch

As the Las Vegas real estate market shakes off the effects of COVID-19 it faces a housing inventory crunch.  The data is nothing short of amazing as inventory plummets and prices begin to rise.  The information below tracks the last six months of inventory, % change year-over-year, units sold, and days-on-market for single-family homes, condos, and townhomes.

It’s a total seller market in Las Vegas!  Here’s the data.

Single-Family Homes

Month# Listed% Change
Year-Over-Year
Median Price% Change
Year-Over-Year
# Sold% Change
Year-Over-Year
DOM% Change
Year-Over-Year
Sept 20204,873-34.6%$340,0008.0%3,14818.4%13-16.6%
Oct 20204,552-35.5%$343,77510.9%3,12210.7%14-28.8%
Nov 20203,822-39.9%$349,00013.3%2,93926.1%14-29.7%
Dec 20203,410-36.8%$345,0009.5%3,22326.7%16-27%
Jan 20212,323-51.5%$345,25013.2%2,57415.9%18-26%
Feb 20211,845-56.5%$355,00011.6%2,68512.4%13-40%
Total 6 mo's20,825-41%$345,12511.45%17,69118.2%14-34%

Condos and Townhomes

Month# Listed% Change
Year-Over-Year
Median Price% Change
Year-Over-Year
# Sold% Change
Year-Over-Year
DOM% Change
Year-Over-Year
Sept 20201,547-17.6%$196,00013.7%7135.3%43-10.4%
Oct 20201,502-18.9%$189,0009.8%7268.8%41-14.5%
Nov 20201,340-22.9%$199,95014.1%71833.7%44-6.3%
Dec 20201,193-24.3%$187,0004.6%77928.7%43-15.6%
Jan 2021923-35.4%$190,0008.5%6074.1%44-24.1%
Feb 2021723-42.5%$198,00012.8%71618.5%42-22.2%
Total 6 mo's7,228-25.7%$193,00010.2%4,25915.7%43-14%

Thank you for reading our post, “Las Vegas Housing Inventory Crunch.”  For more Las Vegas real estate market news, information on homes for sale, information on commercial real estate for sale, or general real estate information, please visit our website www.lasvegasrealestate.com or come see us on Facebook.

If you are interested in buying or selling your home in Las Vegas, Henderson, North Las Vegas, and Boulder City, Nevada, please contact The Woodcock Real Estate Group (Lic #B.855) at 702-362-8700 or jack@jackwoodcock.com. They have been selling real estate in Las Vegas since 1974 and can help you to make the right choice!

 

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