The October stats are out! Here they are for your enjoyment.
Single Family Residential:
The number of available homes for sale in October 2008 was 22,929 (again, not much of a change).
The number of new resale home listings in October was 5,551 a increase of approximately 3% over September 2008. This is approximately 6% more than the same time last year.
The number of sold home listings (2,718) decreased by 2 percent over September 2008. It was a 179% increase over the same time last year. Approximately 47% of these homes had been on the market for 30 days or less. The median price of the sold homes during October 2008 was $190,000. This is approximately 30% less than the same time last year.
Condos/Townhomes:
The number of available condos/townhomes for sale in October 2008 was 5,531.
The number of new condo listings in October 2008 was 1,235 an increase of approximately 10% over September 2008 and a increase of approximately 7% over October 2007.
The number of condo/townhomes sold in October 2008 was 414. About 38% of these condos or townhomes sold in 30 days or less. The median sold price of the condos or townhomes during October 2008 was $109,575. This is approximately 36% less than the same time last year.
Source: Greater Las Vegas Association of REALTORS.
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