Whatâ€™s do numbers in Real Estate
Looking to buy a new
home or sell your existing one? Click hereÂ to find out your home value today!
According to GLVAR.com, the median price of an existing
single-family home sold in Southern Nevada. That is up 1.8% from April 2013,
when the median price was at $167,000. Southern Nevada has seen a 32.8%
increase in home prices from May 2012 when the median price was $128,000. This
is the highest in the nation with Sacramento landing second with a 26.1% price
increase over the same time frame.
Median home prices in June 2006.
Median price of Las Vegas condominiums and townhouses sold in May
2013. This represents a 4.7% increase from April and a 43.5% increase from May
Nevadaâ€™s Unemployment rate. This is the lowest it has been since May
2008. The jobless rate in Las Vegas fell to 9.3% in the month of May 2013.
Existing local home sales that were short sales. This figure is
slightly down from 32.5% from April 2013.
Bank-owned properties which were for sale, up from 10.0 percent of
all April sales.
Traditional home sales, up from 57.5% in April 2013.
Total number of properties listed for sale on GLVARâ€™s Multiple
Listing Service. That figure is down 0.5% from the total of 13,881 for sale in
Total number of condos and townhomes listed for sale on the GLVAR
MLS in May 2013. This was down 2.8% from the 3,485 homes listed in April 2013
and down 9.2% from May 2012.
Click here to see my current inventory of homes for sale!
What these figures mean is that there are a lot of buyers out
there and the inventory is just not there. More and more people are looking to
buy but there are not enough houses on the market for them all. With the
inventory down, houses are selling rather quickly and houses are going into
multiple offers literally within the first few days. If you are looking to buy,
you need to act fast and come in prepared. If youâ€™re looking to sell, you can
cash in on rising prices today!