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 January 2020.
*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.
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A Look at the Housing Stats
3,305 units sold in December 2020. That’s a 9% increase over November 2020 and a 27% increase over December 2019.
The median price of homes sold was $345,000, which is the same as the prior month, but an increase of 10% year over year.
At the end of December, there were 3,240 available homes on the market without offers. Compared to November, that’s a 14% decrease. In comparison to 2019, it’s a 41% decrease.
The available homes on the market with offers at the end of the month was 7,462. That’s an 11% decrease month over month and a 16% decrease year over year.
A Look at the Condo & Townhome Market
There were 792 units that sold in the month of December 2020. In November 2020, there were 9% less and 30% less in December 2019.
The median price of condos & townhomes for the month was $186,000. That’s a decrease of 7% month over month and a 5% increase year over year.
There were 1,153 units available without offers at the end of December. Compared to the prior month, that’s a 10% decrease. Compared to the prior year, it’s a 26% decrease.
At the end of the month, there were 2,086 units with offers. That’s 11% less than the prior month and 10% less than the prior year.
What Does it Mean if You are Looking to Buy?
Interest rates are at an all time low – some of the lowest we’ve ever seen! That means that now is a great time to take advantage of this opportunity to get more for your money.
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?
In 1 month, we sold more homes than we have inventory for. If your home is priced right and ready to show, there’s a high chance your home is going to sell quickly for top dollar! You want to be sure that you don’t sell to the first person who makes an offer – a lot of times we are able to get you more cash with proper positioning and multiple offers on the table to choose from.
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.
