Where has the month gone? Well, before the October 2008 stats come out - here are September 2008 stats!
Single Family Residential:
The number of available homes for sale in September 2008 was 22,784 (didn't change much from last month).
The number of new resale home listings in September was 5,330 a increase of approximately .5% over August 2008. This is approximately 12% more than the same time last year.
The number of sold home listings (2,783) increased by 9.4 percent over August 2008. It was a 181% increase over the same time last year. Approximately 48% of these homes had been on the market for 30 days or less. The median price of the sold homes during September 2008 was $195,000. This is approximately 31% less than the same time last year.
Condos/Townhomes:
The number of available condos/townhomes for sale in September 2008 was 5,408.
The number of new condo listings in September 2008 was 1,116 a decrease of approximately .4% over August 2008 and a decrease of approximately 4% over September 2007.
The number of condo/towhomes sold in September 2008 was 386. About 39% of these condos or townhomes sold in 30 days or less. The median sold price of the condos or townhomes during September 2008 was $119,450. This is approximately 31% less than the same time last year.
Source: Greater Las Vegas Association of REALTORS.
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