Las Vegas real estate market at a glance

Las Vegas real estate market at a glance

Below is what is called a Market Action Index and it is done by quartile. What it tries to do is to represent the market in terms of  a buyer or seller’s market. This algorithm looks at median prices, inventory, days on the market and a couple of other factors and comes up with a number. Anything above 30 is considered a sellers market and anything below 30 a buyer’s market. In addition, in the graph below the market is separated into quartiles with 3 of the 4 quartiles in the seller’s zone. With quartile 1 (the highest priced properties) dipping slightly into the buyer’s zone. I like this representation. It is generously provided courtesy  of WFG National Title Company. I plan at this point, using it in a blog post every month or so. The below MAI is for the Las Vegas area.

marketactionindex

Recent Articles

2018 Las Vegas Real Estate Wrap-up – Forecast for 2019

January 10, 2019 Posted by: Millie Fine

  The Las Vegas real estate market continued to accelerate through April, 2018 with price increases that exceeded any other metropolitan area nat... Read More

Posted In: Uncategorized

Las Vegas age restricted, 55+ report – May 2018

May 28, 2018 Posted by: Millie Fine

Monthly, I review the sales and inventory situation for most all of the many age restricted communities in the Las Vegas area. I have been somewhat su... Read More

Posted In: Uncategorized

Las Vegas Disposal Boundary – Are we running out of land?

February 21, 2018 Posted by: Millie Fine

Land available for development in and around the Las Vegas valley is limited. Prospective clients sometimes express a desire to live outside the great... Read More

Posted In: Uncategorized