SalesTraq® MarketTraq
As of December 2016

New Home Closings

NEW HOME MARKET SNAPSHOT Value Annual Growth
Median Home Price $340,067 9.0%
Average Price Per Square Foot $147.47 -1.0%
No. of Closings - Month 836 14.4%
No. of Closings - Last 12 Months 7,934 14.2%
New Home Permits - Month 599 2.7%
New Home Permits - Last 12 Months 8,516 13.3%
Active Subdivisions 244 13.0%
Average Sales per Subdivision 3.43 1.2%

Existing Home Closings

EXISTING (RESALE) HOME MARKET SNAPSHOT Value Annual Growth
Median Home Price $202,000 7.4%
Average Price Per Square Foot $126.50 7.2%
No. of Closings - Month 3,971 3.1%
No. of Closings - Last 12 Months 46,911 6.6%
Bank Repossessions - Month 111 -38.3%
Bank Repossessions - Last 12 Months 1,671 -18.3%
MLS Listings (Available) 6,849 -22.3%
Effective MLS Inventory (in Months) 2.1 -26.9%

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.