Every month, the housing market is shifting and it’s important to stay up to date on the current information so that you can make the best decision on when you would like to buy, sell or refinance. Here’s what’s new with the Las Vegas Real Estate market for April 2021.
*All stats are pulled from LVR reports and are subject to change on a daily basis as new listings come on the market and existing listings sell. Call us at 702-838-7700 if you are looking to buy or sell for the most current stats.
Contents
A Look at the Housing Stats
There were 3,726 homes sold last month, which is a 35% increase over the previous month and a 35% increase over this time last year.
The median price of homes sold is $363,000. This is a 14% increase year over year and a 2% increase over last month.
There were 1,772 homes on the market without offers. This is 6% more than last month and 69% down from this time last year.
The number of homes on the market with offers was 6,565, which is 4% less than last month, as well as 29% less than a year ago.
A Look at the Condo & Townhome Market
There were 998 homes sold this month. Compared to last month, this is a 38% increase, with a 40% increase year over year.
The median price of condos & townhomes was $194,000. This is down from last month by 2% and up from last year by 5%.
There were 597 units available without offers, which is 12% less than last month and 63% less than this time last year.
At the end of the month, there were 1,903 units with offers. Compared to this time last year, that’s a 21% decrease – as well as a 4% decrease month over month.
What Does it Mean if You are Looking to Buy?
We only have 14 days of inventory on the market, so homes are flying off the shelves!
Make sure if you are actively looking for a home that you are as prepared as possible. This means making sure you are pre-approved, have all of your finances prepared, have a strong & seasoned real state agent to help negotiate your offers for the best deal for a higher chance at acceptance and more.
With the interest rates as low as they are, now is a great time to get out there and buy a home. The interest rates have increased slightly, but are still at an all time low, so be sure to take advantage of this opportunity while it’s available.
Our team has 100+ years collectively in real estate, so we know the market and know what’s going to work to get you the home you want.
Looking to save $$ on your mortgage? Connect with us, today – we’ve helped many clients save thousands on their home purchase.
Browse the most recent homes for sale in Las Vegas below:
What Does it Mean if You are Looking to Sell?
Competition is low with only 14 days of inventory on the market. It’s the perfect time to get top dollar for your home with the ability to negotiate! We’ve been able to negotiate a lot of rent backs so our sellers can stay in their home for quite some time while looking for a new one.
Make sure that if you are choosing to sell, you’re doing it the right way so you can get it sold quickly with multiple offers. Our team can help!
If you’re curious what your home may be worth or want to know more about selling, connect with us today at (702) 838-7700 or info@lasvegashomessold.com.
Homes for Sale
The homes for sale below are the newest homes on the market in Las Vegas
Condos & Townhomes for Sale
The Las Vegas condos & townhomes listed below are the newest on the market.
Your Las Vegas Real Estate Team
We’ve been serving Las Vegas for over 33 years and we’re happy to help you whether you’re looking to buy, sell, refinance or just want to know more about this wonderful city! Connect with us today at (702) 838-7700 or info@lasvegashomessold.com.
