October 2024 NOD Report (141 to 221 month over month) and October 2024 NOS Report (78 to 103 month over month):
Cancelled: 105 (Sept. 2024- 89, Aug. 2024- 89, July 2024- 92, June 2024– 96,May 2024- 116, Apr. 2024- 104)
Postponed: 102 (Sept. 2024- 103, Aug. 2024- 83, July 2024- 90, June 2024- 80, May 2024- 138, Apr. 2024- 111)
Sold to Third Party: 21 (Sept. 2024- 36, Aug. 2024- 29, July 2024-17,June 2024-28, May 2024- 37, Apr. 2024- 25)
Reverted to Beneficiary: 18 (Sept. 2024- 28, Aug. 2024- 21, July 2024- 17, June 2024-15, May 2024- 19, Apr. 2024- 14)
Greater Las Vegas Area MLS Statistics for October 2024:
MLS Single Family Homes Month’s supply of inventory: 3.0 (Sept. 2024- 3.0, Aug. 2024- 2.5, July 2024- 2.2, June 2024- 2.0, May 2024- 1.6, Apr. 2024- 1.5)
Units Sold: 1,918 (Sept. 2024- 1,791, Aug. 2024- 2,138, July 2024- 2,145, June 2024- 2,093, May 2024- 2,401, Apr. 2024- 2,339)
Single Family Residential average values have decreased by 2.7% in the past four months.
Average sales price decreased by 2.3% (Sept. 2024- +4.4%, Aug. 2024- -7.3%, July 2024- +2.5%, June 2024- +0.7%, May 2024- +0.2%, Apr. 2024- +1.4%)
Median sales price decreased by 0.9% (Sept. 2024- +0.6%, Aug. 2024- -0.7%, July 2024- +1.1%, June 2024- +0.4%, May 2024- +0.9%, Apr. 2024- +0.9%)
Units Listed: 2,867 (Sept. 2024- 2,830, Aug. 2024- 3,153, July 2024- 2,962, June 2024- 2,819, May 2024- 3,123, Apr. 2024- 2,874)
Average price of new listings increased by 1.3% (Sept. 2024- -6.8%, Aug. 2024- +6.7%, July 2024- -4.9%, June 2024- +2.4%, May 2024- -1.0%, Apr. 2024- +0.1%)
Median price of new listings stayed the same. (Sept. 2024- -3.9%, Aug. 2024- +4.0%, July 2024- -2.0%, June 2024- +2.0%, May 2024- +0.2%, Apr. 2024- +0.8%)
MLS Condo/Townhouse Month’s supply of inventory: 3.3 ( Sept. 2024- 3.6, Aug. 2024- 2.9, July 2024- 2.4, June 2024- 2.3, May 2024- 1.9, Apr. 2024- 2.0)
Units Sold: 540 (Sept. 2024- 486, Aug. 2024- 573, July 2024- 619, June 2024- 605, May 2024- 690, Apr. 2024- 621)
Condo/Townhouses average values have increase by 1.2% in the past 4 months.
Average sales price increased by 3.6%. (Sept. 2024- 0%, Aug. 2024- -1.6%, July 2024- -2.2%, June 2024- +1.4%, May 2024- +0.6%, Apr. 2024- -3.2%)
Median sales price increased by 5.2% (Sept. 2024- +2.6%, Aug. 2024- -1.4%, July 2024- +0.3%, June 2024- 0%, May 2024- +1.7%, Apr. 2024- +2.7%)
Units Listed: 830 (Sept. 2024- 833, Aug. 2024- 897, July 2024- 826, June 2024- 828, May 2024- 907, Apr. 2024- 866)
Average price of new listings increased by 3.3% (Sept. 2024- +7.3%, Aug. 2024 – -4.3%, July 2024- -4.7%, June 2024- +2.1%, May 2024- +8.0%, Apr. 2024- -6.8%)
Median price of new listings decreased by 2.7% (Sept. 2024- +3.4%, Aug. 2024- +1.7%, July 2024- +1.7%, June 2024- -3.0%, May 2024- +3.1%, Apr. 2024- -1.7%