Weekly updates on Southern Nevada Housing Market -11/12/2020

There are no surprises once again inventory continues to decline, and we have seen it go down another 140 homes this week and went down 175 the previous week. We have 4,674 single family homes on the market and that is down significantly from back earlier this year. We put 808 homes in escrow and closed 605 and we saw 160 homes get withdrawn from the market. Median sold price was at $344,876 and median per square foot is $184.39. Lastly, days on market are at 32, that has not change much. Again, when we talk about median sold price and median sold price per square foot, you are only working with a weeks’ worth of data. These numbers can change dramatically over one or two sales. Stay tuned to hear more!

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