May 2023 Clark County, NV NOD Report (260 to 231 month over month) and May 2023 Clark County, NV NOS Report (137 to 118 month over month.
The Clark County, NV May 2023 Trustee Sale Report summary:
Cancelled: 125 (Apr. 2023-106, Mar. 2023-87, Feb. 2023-81, Jan. 2023-84, Dec. 2022-112, Nov. 2022-95)
Postponed: 137 (Apr. 2023-122, Mar. 2023-123, Feb. 2023-83, Jan. 2023- 102, Dec. 2022-107, Nov. 2022-98)
Sold to Third Party: 42 (Apr. 2023-30, Mar. 2023-38, Feb. 2023-24, Jan. 2023-27, Dec. 2022-24, Nov. 2022-30)
Reverted to Beneficiary: 22 (Apr. 2023-30, Mar. 2023-25, Feb. 2023-24, Jan. 2023-33, Dec. 2022-38, Nov. 2022-30)
Greater Las Vegas Area MLS Statistics for May 2023:
MLS Single Family Homes Month’s supply of inventory: 1.6 (Apr. 2023-1.9, Mar. 2023-1.8, Feb. 2023-2.7, Jan. 2023- 4.1, Dec. 2022-4.0, Nov. 2022- 4.8)
Units Sold: 2,316 (Apr. 2023-1,962, Mar. 2023-2,361, Feb. 2023-1,722, Jan. 2023-1,325, Dec. 2022-1,534, Nov. 2022- 1,521)
Single Family Residential average values have decreased 4.1% in 11 months.
Average sales price increased by 6.7% (Apr. 2023- +1.6%, Mar. 2023- +4.8%Feb. 2023- -6.9%, Jan. 2023- +3.5%, Dec. 2022- -2.9%, Nov. 2022- -3.3%)
Median sales price increased by 2.8%. (Apr. 2023- +1.2%, Mar. 2023-0%, Feb. 2023-0%, Jan. 2023- 0%, Dec. 2022- -1.4%, Nov. 2022- -1.7%)
Units Listed: 2,604 (Apr. 2023-2,451, Mar. 2023-2,565, Feb. 2023-2,243, Jan.2023-2,477, Dec. 2022-1,677, Nov. 2022- 2,096)
Average price of new listings decreased by 1.0% (Apr. 2023- +10.1%, Mar. 2023- -6.0%, Feb. 2023- +6.2%, Jan. 2023- +5.2%, Dec. 2022- -2.7%, Nov. 2022- -2.5%)
Median price of new listings increased by 0.2%. (Apr. 2023- +0.9%, Mar. 2023-0%, Feb. 2023- +3.1%, Jan. 2023- +1.3%, Dec. 2022- 2.2%, Nov. 2022- -1.7%)
MLS Condo/Townhouse Month’s supply of inventory: 1.4 (Apr. 2023-1.8, Mar. 2023- 1.8, Feb. 2023-2.6, Jan. 2023-3.1, Dec. 2022-3.5, Nov. 2022- 3.5)
Units Sold: 684 (Apr. 2023-535, Mar. 2023- 601, Feb. 2023-450, Jan. 2023-398, Dec. 2022- 392, Nov. 2022- 462)
Condo/Townhouses average values have increased 4.4% in 7 months.
Average sales price increased by 2.5% (Apr. 2023- -1.4%, Mar. 2023- +5.9%, Feb. 2023- -9.9%, Jan. 2023- +15.5%, Dec. 2022- -5.1%, Nov. 2022- -1.4%)
Median sales price increased by 1.9% (Apr. 2023- +3.8%, Mar. 2023- +2.0%, Feb. 2023- 0%, Jan. 2023- +3.3%, Dec. 2022- -5.0%, Nov. 2022- -1.8%)
Units Listed: 725 (Apr. 2023-704, Mar. 2023-733, Feb. 2023-616, Jan. 2023-637, Dec. 2022- 455, Nov. 2022- 492)
Average price of new listings increased by 3.0% (Apr. 2023- -0.3%, Mar. 2023- -4.1%, Feb. 2023- +2.2%, Jan. 2023- +1.8%, Dec. 2022- +3.5%, Nov. 2022- -0.3%)
Median price of new listings increased by 5.6% (Apr. 2023- -6.2%, Mar. 2023- +5.3%, Feb. 2023- +1.3%, Jan. 2023- 0%, Dec. 2022- +1.0%, Nov. 2022- -1.8%)