Resale Report - April 2017





SalesTraq _ Residential Resale _ Foreclosure Report



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April 2017

The southern Nevada housing market posted respectable sales volumes despite tight inventory levels during April 2017. A lack of availability in the MLS contributed to rising prices across the board. Single-family closings increased 1.8 percent to 2,868; median pricing reached a post-recession high of $249,000 in April (up 12.9 percent); and effective inventory reached 2.0 months (down 24.3 percent). Trends in the condominium/townhouse segment were similar. Median pricing reached $130,000 (up 8.4 percent), and inventory plummeted to 1.2 months (down 63.5 percent). Overall foreclosure activity remains down significantly compared to prior years. Fundamentals of the economy are helping to drive the housing market forward.






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.