Las Vegas Housing Market Report for May 2010

Take a quick look at the housing market statistics for Las Vegas May 2010. Some great signs that the housing market is no longer in a free fall. For more specific information, please contact Felipe Crook from Prudential at 1-866-589-1646

Highlights for May 2010:

The total number of SFR units sold in May 2010 was 2,884. This is a -2.3% change from April 2010, and -11.4% change from May 2009.

On a YTD basis, SFR units now total 14,008 units closed. This is a slight increase over the same YTD period of 2009 of 13,945 units, but is almost double the 2008 YTD SFR volume of 7,379 units.

The Average SFR Sold Price was $170,488 for May 2010 and remains within the same narrow range that it has been in since mostly stabilizing in March 2009. (The record high of $428,817 in June of 2007 was followed by significant monthly price drops until March 2009.

Total SFR dollar value of Sold units for May was $491,686,242. This reflects a -3.8% change from April 2010, and -12.5% change from May 2009.

Total YTD dollar values for the Jan through May period on sold SFR units stands at $2,367,927,257. Compared to 2008, this is a $200,716,844 increase, and compared to 2009 a -$77,242,883 decline in total dollar value.

Available SFR inventory at the end of May was 8,049 units (those without offers). When the Contingent and Pending SFR units are added to this the inventory stands at 21,143, a 1.3% increase over April 2010.

If you'd interested in seeing all available homes for sale in Las Vegas, please feel free to start your search below.

If there is any additional information you would like to have on the Las Vegas market, please don't hesitate to ask.

Felipe Crook

Prudential Americana Group Realtors

Las Vegas, NV

1-866-589-1646

http://www.lasvegasluxurypropertieslink.com/00AC90