Las Vegas Homes for Sale Hit a Record 11,447 in October; Median List Price $459,900
Las Vegas’s inventory of homes for sale rose to its highest level on record in October. According to Realtor.com’s October housing market report, released November 10, active listings in the Las Vegas metro area reached 11,447, up nearly 10 percent from a year earlier and the most since records began in July 2016. New listings, meanwhile, fell sharply — down 10.5 percent year over year — and made up less than a quarter of total inventory, compared with 30.4 percent a year ago, a sign the market cooling is deepening. The median list price in Las Vegas in October was $459,900, down 2.6 percent from a year earlier but still nearly $45,000 above the national median. Homes for sale spent an average of 59 days on the market, two days longer than a year earlier. The report noted that high interest rates are keeping ordinary buyers on the sidelines while the high end remains strong: the entry point to the local top-10-percent luxury market was $1.2 million, up 2.2 percent year over year, the 10th-largest increase among the 43 largest U.S. metros. Realtor.com senior economist Jake Krimmel said Las Vegas inventory has climbed steadily since January, and the October figures further confirm the market’s shift toward buyers.
Published by GSM · USA (original Chinese edition)
Photo: 拉斯维加斯大道夜景。（经 Wikimedia Commons，CC 授权）
