What happened in the real estate market in November 2022?

What happened?

Local home prices are starting to look more like they did a year ago. But we’re certainly in a different place than we were last year, when prices were soaring and setting records. Of course, as we said at the time, those conditions were not sustainable. Las Vegas Realtors reported that the median price of existing single-family homes sold in Southern Nevada during November was $430,990. That’s down 2% from October, and down from the all-time record price of $482,000 in May. But, the median home price is still up 2.6% from $420,000 one year ago.

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

Median Home Price
$430,900  +2.6%  from November 2021

Homes Sold
1,521  -53.5%  from November 2021

Homes Without Offers
7,342  +161.7%  from November 2021

Homes Sold Within 30 Days
47%  -29.8%  from November 2021


About Stacy Sheeley Homes

Over the past 20 years, we have sold dozens of Luxury Homes in Summerlin and most have had record-breaking sale prices.  This is due to our unique marketing approach.   Find out more.

Call, text or fill out the form to discuss more about selling your home and what the current market value is.