SalesTraq® MarketTraq
As of January 2017

New Home Closings

NEW HOME MARKET SNAPSHOT Value Annual Growth
Median Home Price $333,705 7.1%
Average Price Per Square Foot $152.39 6.2%
No. of Closings - Month 497 28.4%
No. of Closings - Last 12 Months 8,044 15.2%
New Home Permits - Month 620 21.8%
New Home Permits - Last 12 Months 8,627 13.1%
Active Subdivisions 238 8.7%
Average Sales per Subdivision 2.09 18.2%

Existing Home Closings

EXISTING (RESALE) HOME MARKET SNAPSHOT Value Annual Growth
Median Home Price $201,000 8.6%
Average Price Per Square Foot $127.06 6.2%
No. of Closings - Month 3,286 16.1%
No. of Closings - Last 12 Months 47,367 7.0%
Bank Repossessions - Month 104 -37.3%
Bank Repossessions - Last 12 Months 1,609 -20.0%
MLS Listings (Available) 6,640 -26.6%
Effective MLS Inventory (in Months) 2.5 -36.2%

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.