"In October, home prices fell moderately from the month before, with a median listing price of $469,900. The number of listings on the market remained practically unchanged from last month, but it is a bigger decrease than normal for this time of the year in Las Vegas, and homes are also selling slower than at the same time last year."
"Typically, home price per square foot in Las Vegas tend to fall in October. And the most recent data shows that the price per square foot decreased by 0.7% compared with the month before. So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 0.8%, which means price changes in Sin City are keeping pace with the national market."
Median listing price in October was $469,900, reflecting a moderate month-over-month decline. Price per square foot in Las Vegas fell 0.7% month-over-month, roughly matching the national decrease of 0.8%. There were 7,126 homes for sale, down 0.3% month-over-month but up 33.5% year-over-year. New listings numbered 2,002, down 2.3% month-over-month and up 1.7% year-over-year. Active national inventory remained essentially unchanged at 1,100,001. Homes in Las Vegas averaged 57 days on market, one day faster than the prior month but eight days slower year-over-year; the national average was 63 days. Realtor.com offers more localized market data.
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