The 10,000 Home Milestone
We are officially standing on the edge of a massive shift in the Las Vegas market. 🎰📈 If your Zillow notifications have been blowing up lately, there’s a reason for it: we are just 39 homes away from hitting 10,000 total available listings in Southern Nevada. This isn’t just a number; it’s a milestone that completely changes the vibe of our spring market.
With 1,298 new listings hitting the streets this week alone, the options for buyers are reaching a high we haven’t seen in years. But while the choices are expanding, the pace is staying disciplined—we saw 656 families cross the finish line and close on their homes this week, with the average house still finding its match in about 46 days. Whether you’re a seller worried about standing out in a sea of 10,000 options or a buyer finally seeing the leverage you’ve prayed for, this week’s receipts are the reality check you need before making your next move. Let’s look at the numbers.
RESIDENTIAL AVERAGE PRICE
Rolling 12-month period, along with percentage increase or decrease from the previous year.-
$602,739 Last Year
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+1.9% Increase
RESIDENTIAL HOMES SOLD
Rolling 12-month period, along with percentage increase or decrease from the previous year.-
33,170 Last Year
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-7.8% Decrease
RESIDENTIAL MEDIAN PRICE
Rolling 12-month period, along with percentage increase or decrease from the previous year.-
$478,000 Last Year
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+0.4% Increase
CURRENT NUMBER OF
RESIDENTIAL OFFERINGS AVAILABLE NOW
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Las Vegas Single Family Residences 4,260
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Henderson Single Family Residences 1,426
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North Las Vegas Single Family Residences 650
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Condos 1,544
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Townhomes 1,165
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Manufactured Homes 296
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Coming Soon Listings 117
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Total Under Contract 3.288
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Total REO/Bank Owned 51
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Total Short Sales 79
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Total NOD/Foreclosures 45
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Total Homes Priced $750K or More 2,013
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Total Homes Priced $300-$750K 6,075
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Total Homes Priced $300K or Less 1,925
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Total Expired in the Last 30 Days 718
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Total Sold in the Last 30 Days 2,716
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Average Days On Market 46
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Months Supply of Available Inventory 4.8
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From Mirage to Momentum
At the end of the day, having nearly 10,000 homes to choose from means the feeding frenzy is officially over—buyers are no longer settling; they are selecting. 🏡💨 This week’s 1,112 price reductions tell the real story: if your home isn’t in turnkey condition and priced for our current 1.9% appreciation reality, you are essentially just marketing for your neighbor. 📉🛡️
We are seeing the 3% mirage fade as more people decide that their quality of life is worth more than a specific interest rate on a bank statement. In a market this crowded, you can’t just list and hope—strategy is the only thing that beats the 46-day average. I’m here every week to cut through the noise so you can stop guessing and start moving. Ready to see what this 10k inventory milestone means for your home’s specific value? Click the button below for a custom valuation or shoot me a text. Let’s get you moved! ✨📲
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