Las Vegas Market Snapshot
As of May 2019

New Home Closings

NEW HOME MARKET SNAPSHOT Value Annual Growth
Median Home Price $392,100 +3.9%
Average Price Per Square Foot $184.59 +8.8%
No. of Closings - Month 873 -2.3%
No. of Closings - Year-to-Date 3,828 -3.5%
No. of Closings - Last 12 Months 9,806 +3.4%
New Home Permits - Month 776 -26.0%
New Home Permits - Year-to-Date 4,534 -10.7%
New Home Permits - Last 12 Months 10,246 -3.0%
Active Subdivisions 224 +9.8%
Average Sales per Subdivision 3.90 -11.1%

Existing Home Closings

EXISTING (RESALE) HOME MARKET SNAPSHOT Value Annual Growth
Median Home Price $272,000 +4.7%
Average Price Per Square Foot $167.83 +7.5%
No. of Closings - Month 4,569 +0.7%
No. of Closings - Year-to-Date 18,245 -7.5%
No. of Closings - Last 12 Months 46,395 -5.4%
Bank Repossessions - Month 35 +40.0%
Bank Repossessions - Year-to-Date 246 +83.6%
Bank Repossessions - Last 12 Months 609 +117.5%
MLS Listings (Available) 9,387 +86.7%
Effective MLS Inventory (in Months) 2.4 +79.8%