Las Vegas Market Snapshot
As of March 2019

New Home Closings

NEW HOME MARKET SNAPSHOT Value Annual Growth
Median Home Price $390,530 +8.6%
Average Price Per Square Foot $186.21 +14.8%
No. of Closings - Month 792 -20.8%
No. of Closings - Year-to-Date 2,132 -5.3%
No. of Closings - Last 12 Months 9,824 +8.2%
New Home Permits - Month 946 -18.2%
New Home Permits - Year-to-Date 1,934 +5.6%
New Home Permits - Last 12 Months 10,682 +4.0%
Active Subdivisions 226 +7.6%
Average Sales per Subdivision 3.50 -26.4%

Existing Home Closings

EXISTING (RESALE) HOME MARKET SNAPSHOT Value Annual Growth
Median Home Price $265,000 +6.0%
Average Price Per Square Foot $164.01 +6.0%
No. of Closings - Month 3,801 -18.5%
No. of Closings - Year-to-Date 9,422 -14.1%
No. of Closings - Last 12 Months 46,326 -5.9%
Bank Repossessions - Month 60 +71.4%
Bank Repossessions - Year-to-Date 175 +98.9%
Bank Repossessions - Last 12 Months 584 +52.5%
MLS Listings (Available) 8,380 +81.2%
Effective MLS Inventory (in Months) 2.7 +117.2%