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Las Vegas Market Report – September 2023

Median Home Price

$450,000 -3.2% from July 2022

Homes Sold

2,041 -1.2% from July 2022

Homes Without Offers

3,524 -51.9% from July 2022

Homes Sold Within 30 Days

68.7% -14.9% from July 2022

A report released by Las Vegas REALTORS® (LVR) shows local home prices bouncing around, higher than the previous month, but lower than last year. These statistics reflect a persistently tight housing supply, along with recently rising mortgage interest rates.

Even with mortgage interest rates being higher than they were a year or two ago and leading to fewer homes being sold, the local housing market seems pretty stable.  The biggest issue we’re facing is still inventory.   In July, there were only 2354 available homes for sale and it’s not meeting demand.

If you’re interested in seeing what your home is worth, use the button below for an instant report.  Call/text/email us for a more comprehensive report.