"In November, home prices fell moderately from the month before, with a median listing price of $465,000. The number of listings on the market remained practically unchanged from last month, but it is a smaller 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 rise in November. But 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 1.2%, which means price changes in Sin City are smaller the national market."
Median listing price in Las Vegas fell moderately in November to $465,000. Price per square foot decreased 0.7% month-over-month, while the national per-square-foot price dropped 1.2%, indicating smaller declines in Las Vegas than nationwide. Active inventory totaled 7,124 homes, essentially unchanged from the prior month and up 30.9% year-over-year. National active inventory fell 2.5% to 1,072,266. Homes in Las Vegas averaged 64 days on market in November, seven days longer than the previous month and nine days longer than the same month last year. The national average days on market was also 64 days.
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