What happened in real estate in October 2022

It’s a great time to be a homebuyer in Las Vegas!  With 140% more homes to choose from than the same time last year, the market has become much more balanced.  Sales prices are still up over 7% from October of last year.  For homeowners who have been on the fence about making a move, now is still a good time to sell and take advantage of increased equity.

So what happened in the Las Vegas Real Estate Market in October?

Median Home Price

$440,000  +7.3% from October 2021

Homes Sold

1,724  -44% from October 2021

Homes Without Offers

7,906  +140% from October 2021

Homes Sold Within 30 Days

53.7%  -26% from October 2021