SalesTraq® MarketTraq
As of March 2017

New Home Closings

NEW HOME MARKET SNAPSHOT Value Annual Growth
Median Home Price $333,732 6.8%
Average Price Per Square Foot $153.36 5.7%
No. of Closings - Month 773 22.9%
No. of Closings - Year-to-Date 1,913 27.1%
No. of Closings - Last 12 Months 8,342 18.9%
New Home Permits - Month 911 14.7%
New Home Permits - Year-to-Date 2,240 10.8%
New Home Permits - Last 12 Months 8,734 13.4%
Active Subdivisions 245 2.9%
Average Sales per Subdivision 3.16 19.4%

Existing Home Closings

EXISTING (RESALE) HOME MARKET SNAPSHOT Value Annual Growth
Median Home Price $215,000 13.5%
Average Price Per Square Foot $133.34 10.4%
No. of Closings - Month 4,456 8.3%
No. of Closings - Year-to-Date 10,984 7.8%
No. of Closings - Last 12 Months 47,708 6.2%
Bank Repossessions - Month 82 -52.0%
Bank Repossessions - Year-to-Date 251 -47.8%
Bank Repossessions - Last 12 Months 1,441 -27.0%
MLS Listings (Available) 6,255 -29.6%
Effective MLS Inventory (in Months) 1.6 -37.7%

Additional details available in the FastFacts Monthly Report

Closings are from the Las Vegas Valley only and do not include Laughlin, Mesquite, Boulder City, Bunkerville, Moapa, Mt. Charleston, Indian Springs, or Pahrump.