SalesTraq | Resale Report | September 2017

 

 

 

 

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September 2017

 

Single family median prices reached a new high of $265,000 in Southern Nevada during September 2017; the latest price point reflects annual appreciation of 13.5 percent. Single family closings totaled 2,920 during the month, which was flat with last year, and effective availability stood at 1.9 months (down 27.0 percent). The condo/townhouse market posted higher sales volumes and prices from a year ago, while inventory continued to decline. Overall foreclosure activity has virtually halted in recent months as more homeowners achieve a positive equity position and overall fundamentals strengthen. Resale housing market conditions are expected to remain relatively stable through the remainder of 2017.

 

 

 

  

Note: The Residential Resale & Foreclosure Report is a monthly publication of SalesTraq that is provided on a complimentary basis to our clients and colleagues.  This report is not a replacement for our monthly FastFacts newsletter that provides a more comprehensive review of residential market activity, including new home closings, permitting volumes, detailed resale sales data by transaction type, non-MLS sales transactions and other industry data and analysis.

Resale market information in this publication is sourced to the Greater Las Vegas Association of Realtors® based on transactions reported in the Multiple Listing Service (MLS). These exclude transactions that do not involve Realtors® or others not reported in the MLS.  Foreclosure information is sourced to Clark County Recorder's Office. Information contained herein has been obtained from various sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it.

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