Las Vegas Real Estate Market Trends 2019 -January

This month we currently have 7,149 single family homes in the market. We have 2,453 homes under contract, pending or contingent. Lastly, sold in the last 30 days are 1,860, that creates an absorption rate of 3.84. Absorption rate is the number of months it takes to sell the existing inventory. If we wanted to sell all 7,149 home it would take a little under 4 months to do so, based on the current rate of absorption being sold in that time frame. As we compare to last month (December) absorption rate was 3.65 its gone up a little bit. When you go year over year it gets exciting for buyers that the market is a lot more normal. A year ago, the absorption rate was 1.85 it has gone up 2 months (60 days). We saw this coming middle of the year back in April when the trend switched from the inventory shrinking to flatting out and start increasing again. Curious about the Las Vegas Housing Market? Watch this video and all our Market Trend videos to see how YOUR market is changing. Should I sell my home now? Should I buy a home now? If you ask yourself these questions, we can answer these questions for you. Thank you for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Tuesday at 9am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/