The 10,000-Home Reality Check
I’m going to be straight with you: if you’re selling right now and your home isn’t getting clicks, you aren’t imagining things. 🎰📈 This week, Southern Nevada real estate officially hit a major milestone—we are now sitting in the 10k Club with 10,035 total homes on the market. That isn’t just a number; it is a fundamental shift in the game.
The window of being the only option on the block is officially closed. With 1,041 new listings hitting the streets this week alone and houses sitting for an average of 46 days, buyers finally have something they haven’t seen in years: choices. This isn’t a waiting market anymore; it is a market that is moving. We saw 565 families successfully close on their homes this week despite the crowded field. Whether you are a seller terrified of becoming invisible among 10,000 competing properties or a buyer parlayed by the options, this week’s receipts are the reality check you need before making your next Q2 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 4,263
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Henderson Single Family Residences 1,427
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North Las Vegas Single Family Residences 659
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Condos 1,553
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Townhomes 1,206
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Manufactured Homes 293
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Coming Soon Listings 87
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Total Under Contract 3.401
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Total REO/Bank Owned 55
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Total Short Sales 76
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Total NOD/Foreclosures 45
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Total Homes Priced $750K or More 2,024
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Total Homes Priced $300-$750K 6,114
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Total Homes Priced $300K or Less 1,955
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Total Expired in the Last 30 Days 744
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Total Sold in the Last 30 Days 2,669
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Average Days On Market 46
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Months Supply of Available Inventory 4.8
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Condition is Your Only Superpower
At the end of the day, having over 10,000 homes to choose from means the feeding frenzy is over—buyers are no longer settling; they are selecting. This week’s 990 price reductions send a very loud message: 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.📉🛡️
I talk to people every single day who feel trapped by their low interest rate in a house they’ve outgrown. But the data proves that life is too short to live in a house that doesn’t fit your family because of a number on a bank statement. Strategy and precision pricing are the only things that beat the 46-day average right now.
I am here to bring you these updates every single week so you can stop guessing and start actually planning. 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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