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Listings at highest number of the year... up 130 for the week.... up 19 weeks in a row...there is a change

9/22/2018
The amount of listings went UP 130 since I checked last Saturday. I just checked and there were 6195 on Saturday 9/22 at 7:21 am .We were at 5087 on the corresponding date last year, and 7583 on the corresponding week in 2016, We are up 1108 listings from the same week last year, and down almost 1400 from 2016. We were at 3808 on Jan 1 2018. We are at the highest number of listings for the year, the highest since 12/17/2016. 

DATE                                    NUMBER                 DATE                               NUMBER 
      12/30/17 3913
      12/23/17 4080
      12/16/17 4223
      12/9/17 4409
      12/2/17 4500
      11/25/17 4581
      11/18/17 4738
      11/11/17 4777
      11/4/17 4867
      10/28/17 4976
      10/21/17 5051
      10/14/17 5072
      10/7/17 5024
      9/30/17 5008
 9/22/18  6190   9/23/17 5087
 9/15/18  6065   9/16/17 5051
 9/8/18  5932   9/9/17 5061
 9/1/18  5705   9/2/17 5101
 8/25/18  5626   8/26/17 5113
 8/18/18  5408   8/19/17 5155
 8/11/18  5276   8/12/17 5146
 8/4/18  4956   8/5/17 5155
 7/28/18  4769   7/29/17 5171
 7/21/18  4710   7/22/17 5172
 7/14/18  4567   7/15/17 5134
 7/7/18  4512   7/8/17 5146
 6/30/18  4437   7/1/17 5053
 6/23/18  4433   6/24/17 5129
 6/16/18  4411   6/17/17 5113
 6/9/18  4334   6/10/17 5069
 6/2/18  4241   6/3/17 5044
 5/26/18 4204    5/27/17 5121
 5/19/18  4170   5/20/17 5202
 5/12/18  4083   5/13/17 5231
 5/5/18  4085   5/6/17 5274
 4/28/18  3999   4/29/17 5279
 4/21/18  4023   4/22/17 5439
 4/14/18  3930   4/15/17 5509
 4/7/18  3865   4/8/17 5634
 3/31/18  3771   4/1/17 5572
 3/24/18  3860   3/25/17 5680
 3/17/18  3841   3/18/17 5736
 3/10/18  3784   3/11/17 5755
 3/3/18  3756   3/4/17 5748
 2/24/18  3752   2/25/17 5747
 2/17/18  3811   2/18/17 5862
 2/10/18  3813   2/11/17 5828
 2/3/18  3787   2/4/17 5810
 1/27/18  3837   1/28/17 6011
 1/20/18  3890   1/21/17 6027
 1/13/18  3954   1/14/17 6016
 1/6/18  3863   1/7/17 5969
 01/01/18  3808   1/1/17 5819

 

We have been keeping track of available single family listings in Las Vegas, Henderson, North Las Vegas and Boulder City for years. It is a pretty good indication as to the direction of the market. In our 25+ years of selling real estate here in Las Vegas, we have seen the number of listings range from under 3000 to over 22000.  If the number keeps going up, expect prices to stabilize or go down.  Feel free to call us or e-mail us for any of your real estate questions.

 

Sean and Emily Gunning
Berkshire Hathaway Home Services, Nevada Properties 
702 498-1171 [Sean] Sean@sellingvegas.com 
702 596-1171 [Emily] Emily@sellingvegas.com
www.SellingVegas.com

Read our 140+ 5 star Zillow reviews: here

Listings at highest number of the year... up 133 for week....up 18 weeks in a row... Is the market changing?

9/15/2018
The amount of listings went UP 133 since I checked last Saturday. I just checked and there were 6065 on Saturday 9/15 at 7:27 am .We were at 5051 on the corresponding date last year, and 7649 on the corresponding week in 2016, We are up 1014 listings from the same week last year, and down almost 1700 from 2016. We were at 3808 on Jan 1 2018. We are at the highest number of listings for the year, the highest since 12/24/2016. 

DATE                                    NUMBER                 DATE                               NUMBER 
      12/30/17 3913
      12/23/17 4080
      12/16/17 4223
      12/9/17 4409
      12/2/17 4500
      11/25/17 4581
      11/18/17 4738
      11/11/17 4777
      11/4/17 4867
      10/28/17 4976
      10/21/17 5051
      10/14/17 5072
      10/7/17 5024
      9/30/17 5008
      9/23/17 5087
 9/15/18  6065   9/16/17 5051
 9/8/18  5932   9/9/17 5061
 9/1/18  5705   9/2/17 5101
 8/25/18  5626   8/26/17 5113
 8/18/18  5408   8/19/17 5155
 8/11/18  5276   8/12/17 5146
 8/4/18  4956   8/5/17 5155
 7/28/18  4769   7/29/17 5171
 7/21/18  4710   7/22/17 5172
 7/14/18  4567   7/15/17 5134
 7/7/18  4512   7/8/17 5146
 6/30/18  4437   7/1/17 5053
 6/23/18  4433   6/24/17 5129
 6/16/18  4411   6/17/17 5113
 6/9/18  4334   6/10/17 5069
 6/2/18  4241   6/3/17 5044
 5/26/18 4204    5/27/17 5121
 5/19/18  4170   5/20/17 5202
 5/12/18  4083   5/13/17 5231
 5/5/18  4085   5/6/17 5274
 4/28/18  3999   4/29/17 5279
 4/21/18  4023   4/22/17 5439
 4/14/18  3930   4/15/17 5509
 4/7/18  3865   4/8/17 5634
 3/31/18  3771   4/1/17 5572
 3/24/18  3860   3/25/17 5680
 3/17/18  3841   3/18/17 5736
 3/10/18  3784   3/11/17 5755
 3/3/18  3756   3/4/17 5748
 2/24/18  3752   2/25/17 5747
 2/17/18  3811   2/18/17 5862
 2/10/18  3813   2/11/17 5828
 2/3/18  3787   2/4/17 5810
 1/27/18  3837   1/28/17 6011
 1/20/18  3890   1/21/17 6027
 1/13/18  3954   1/14/17 6016
 1/6/18  3863   1/7/17 5969
 01/01/18  3808   1/1/17 5819

 

We have been keeping track of available single family listings in Las Vegas, Henderson, North Las Vegas and Boulder City for years. It is a pretty good indication as to the direction of the market. In our 25+ years of selling real estate here in Las Vegas, we have seen the number of listings range from under 3000 to over 22000.  If the number keeps going up, expect prices to stabilize or go down.  Feel free to call us or e-mail us for any of your real estate questions.

 

Sean and Emily Gunning
Berkshire Hathaway Home Services, Nevada Properties 
702 498-1171 [Sean] Sean@sellingvegas.com 
702 596-1171 [Emily] Emily@sellingvegas.com
www.SellingVegas.com

Read our 140+ 5 star Zillow reviews: here

Listings at highest number of the year... up more than 200 for the week.... up 17 weeks in a row... Is the market changing?

9/8/2018
The amount of listings went UP 227 since I checked last Saturday. I just checked and there were 5932 on Saturday 9/8 at 7:20 am .We were at 5061 on the corresponding date last year, and 7630 on the corresponding week in 2016, We are up 871 listings from the same week last year, and down almost 1700 from 2016. We were at 3808 on Jan 1 2018. We are at the highest number of listings for the year, the highest since 1/28/2017. 

DATE                                    NUMBER                 DATE                               NUMBER 
      12/30/17 3913
      12/23/17 4080
      12/16/17 4223
      12/9/17 4409
      12/2/17 4500
      11/25/17 4581
      11/18/17 4738
      11/11/17 4777
      11/4/17 4867
      10/28/17 4976
      10/21/17 5051
      10/14/17 5072
      10/7/17 5024
      9/30/17 5008
      9/23/17 5087
      9/16/17 5051
 9/8/18  5932   9/9/17 5061
 9/1/18  5705   9/2/17 5101
 8/25/18  5626   8/26/17 5113
 8/18/18  5408   8/19/17 5155
 8/11/18  5276   8/12/17 5146
 8/4/18  4956   8/5/17 5155
 7/28/18  4769   7/29/17 5171
 7/21/18  4710   7/22/17 5172
 7/14/18  4567   7/15/17 5134
 7/7/18  4512   7/8/17 5146
 6/30/18  4437   7/1/17 5053
 6/23/18  4433   6/24/17 5129
 6/16/18  4411   6/17/17 5113
 6/9/18  4334   6/10/17 5069
 6/2/18  4241   6/3/17 5044
 5/26/18 4204    5/27/17 5121
 5/19/18  4170   5/20/17 5202
 5/12/18  4083   5/13/17 5231
 5/5/18  4085   5/6/17 5274
 4/28/18  3999   4/29/17 5279
 4/21/18  4023   4/22/17 5439
 4/14/18  3930   4/15/17 5509
 4/7/18  3865   4/8/17 5634
 3/31/18  3771   4/1/17 5572
 3/24/18  3860   3/25/17 5680
 3/17/18  3841   3/18/17 5736
 3/10/18  3784   3/11/17 5755
 3/3/18  3756   3/4/17 5748
 2/24/18  3752   2/25/17 5747
 2/17/18  3811   2/18/17 5862
 2/10/18  3813   2/11/17 5828
 2/3/18  3787   2/4/17 5810
 1/27/18  3837   1/28/17 6011
 1/20/18  3890   1/21/17 6027
 1/13/18  3954   1/14/17 6016
 1/6/18  3863   1/7/17 5969
 01/01/18  3808   1/1/17 5819

 

We have been keeping track of available single family listings in Las Vegas, Henderson, North Las Vegas and Boulder City for years. It is a pretty good indication as to the direction of the market. In our 25+ years of selling real estate here in Las Vegas, we have seen the number of listings range from under 3000 to over 22000.  If the number keeps going up, expect prices to stabilize or go down.  Feel free to call us or e-mail us for any of your real estate questions.

 

Sean and Emily Gunning
Berkshire Hathaway Home Services, Nevada Properties 
702 498-1171 [Sean] Sean@sellingvegas.com 
702 596-1171 [Emily] Emily@sellingvegas.com
www.SellingVegas.com

Read our 140+ 5 star Zillow reviews: here

Listings at highest number of the year... up 79 for the week.... up 16 weeks in a row

9/1/2018

The amount of listings went UP 79 since I checked last Saturday. I just checked and there were 5705 on Saturday 9/1 at 7:03 am .We were at 5101 on the corresponding date last year, and 7610 on the corresponding week in 2016, We are up 604 listings from the same week last year, and down more than 2000 from 2016. We were at 3808 on Jan 1 2018. We are at the highest number of listings for the year, the highest since 3/18/2017. Traditional thinking is that inventory of 6 times the number of sales would be a neutral market...not favoring sellers or buyers. In July, with the same criteria, we had 3089 closings. That means we would need 18534 listings for it to be a neutral market. I have always thought that Las Vegas is more transient than typical, and that 4 times is a better number. That would mean we should have 12356 to be neutral

 

DATE                                    NUMBER                 DATE                               NUMBER 
      12/30/17 3913
      12/23/17 4080
      12/16/17 4223
      12/9/17 4409
      12/2/17 4500
      11/25/17 4581
      11/18/17 4738
      11/11/17 4777
      11/4/17 4867
      10/28/17 4976
      10/21/17 5051
      10/14/17 5072
      10/7/17 5024
      9/30/17 5008
      9/23/17 5087
      9/16/17 5051
      9/9/17 5061
 9/1/18  5705   9/2/17 5101
 8/25/18  5626   8/26/17 5113
 8/18/18  5408   8/19/17 5155
 8/11/18  5276   8/12/17 5146
 8/4/18  4956   8/5/17 5155
 7/28/18  4769   7/29/17 5171
 7/21/18  4710   7/22/17 5172
 7/14/18  4567   7/15/17 5134
 7/7/18  4512   7/8/17 5146
 6/30/18  4437   7/1/17 5053
 6/23/18  4433   6/24/17 5129
 6/16/18  4411   6/17/17 5113
 6/9/18  4334   6/10/17 5069
 6/2/18  4241   6/3/17 5044
 5/26/18 4204    5/27/17 5121
 5/19/18  4170   5/20/17 5202
 5/12/18  4083   5/13/17 5231
 5/5/18  4085   5/6/17 5274
 4/28/18  3999   4/29/17 5279
 4/21/18  4023   4/22/17 5439
 4/14/18  3930   4/15/17 5509
 4/7/18  3865   4/8/17 5634
 3/31/18  3771   4/1/17 5572
 3/24/18  3860   3/25/17 5680
 3/17/18  3841   3/18/17 5736
 3/10/18  3784   3/11/17 5755
 3/3/18  3756   3/4/17 5748
 2/24/18  3752   2/25/17 5747
 2/17/18  3811   2/18/17 5862
 2/10/18  3813   2/11/17 5828
 2/3/18  3787   2/4/17 5810
 1/27/18  3837   1/28/17 6011
 1/20/18  3890   1/21/17 6027
 1/13/18  3954   1/14/17 6016
 1/6/18  3863   1/7/17 5969
 01/01/18  3808   1/1/17 5819

 

We have been keeping track of available single family listings in Las Vegas, Henderson, North Las Vegas and Boulder City for years. It is a pretty good indication as to the direction of the market. In our 25+ years of selling real estate here in Las Vegas, we have seen the number of listings range from under 3000 to over 22000.  If the number keeps going up, expect prices to stabilize or go down.  Feel free to call us or e-mail us for any of your real estate questions.

 

Sean and Emily Gunning
Berkshire Hathaway Home Services, Nevada Properties 
702 498-1171 [Sean] Sean@sellingvegas.com 
702 596-1171 [Emily] Emily@sellingvegas.com
www.SellingVegas.com

Read our 140+ 5 star Zillow reviews: here

Number of listings soaring...up 218 for week..up 15 weeks in a row...sellers pay attention!

8/25/2018

The amount of listings went UP 218 since I checked last Saturday. I just checked and there were 5626 on Saturday 8/25 at 7:01 am .We were at 5113 on the corresponding date last year, and 7650 on the corresponding week in 2016, We are up 513 listings from the same week last year, and down more than 2000 from 2016. We were at 3808 on Jan 1 2018. We are at the highest number of listings for the year, the highest since 4/08/2017. Traditional thinking is that inventory of 6 times the number of sales would be a neutral market...not favoring sellers or buyers. In July, with the same criteria, we had 3089 closings. That means we would need 18534 listings for it to be a neutral market. I have always thought that Las Vegas is more transient than typical, and that 4 times is a better number. That would mean we should have 12356 to be neutral

 

DATE                                    NUMBER                 DATE                               NUMBER 
      12/30/17 3913
      12/23/17 4080
      12/16/17 4223
      12/9/17 4409
      12/2/17 4500
      11/25/17 4581
      11/18/17 4738
      11/11/17 4777
      11/4/17 4867
      10/28/17 4976
      10/21/17 5051
      10/14/17 5072
      10/7/17 5024
      9/30/17 5008
      9/23/17 5087
      9/16/17 5051
      9/9/17 5061
      9/2/17 5101
 8/25/18  5626   8/26/17 5113
 8/18/18  5408   8/19/17 5155
 8/11/18  5276   8/12/17 5146
 8/4/18  4956   8/5/17 5155
 7/28/18  4769   7/29/17 5171
 7/21/18  4710   7/22/17 5172
 7/14/18  4567   7/15/17 5134
 7/7/18  4512   7/8/17 5146
 6/30/18  4437   7/1/17 5053
 6/23/18  4433   6/24/17 5129
 6/16/18  4411   6/17/17 5113
 6/9/18  4334   6/10/17 5069
 6/2/18  4241   6/3/17 5044
 5/26/18 4204    5/27/17 5121
 5/19/18  4170   5/20/17 5202
 5/12/18  4083   5/13/17 5231
 5/5/18  4085   5/6/17 5274
 4/28/18  3999   4/29/17 5279
 4/21/18  4023   4/22/17 5439
 4/14/18  3930   4/15/17 5509
 4/7/18  3865   4/8/17 5634
 3/31/18  3771   4/1/17 5572
 3/24/18  3860   3/25/17 5680
 3/17/18  3841   3/18/17 5736
 3/10/18  3784   3/11/17 5755
 3/3/18  3756   3/4/17 5748
 2/24/18  3752   2/25/17 5747
 2/17/18  3811   2/18/17 5862
 2/10/18  3813   2/11/17 5828
 2/3/18  3787   2/4/17 5810
 1/27/18  3837   1/28/17 6011
 1/20/18  3890   1/21/17 6027
 1/13/18  3954   1/14/17 6016
 1/6/18  3863   1/7/17 5969
 01/01/18  3808   1/1/17 5819

 

We have been keeping track of available single family listings in Las Vegas, Henderson, North Las Vegas and Boulder City for years. It is a pretty good indication as to the direction of the market. In our 25+ years of selling real estate here in Las Vegas, we have seen the number of listings range from under 3000 to over 22000.  If the number keeps going up, expect prices to stabilize or go down.  Feel free to call us or e-mail us for any of your real estate questions.

 

Sean and Emily Gunning
Berkshire Hathaway Home Services, Nevada Properties 
702 498-1171 [Sean] Sean@sellingvegas.com 
702 596-1171 [Emily] Emily@sellingvegas.com
www.SellingVegas.com

Read our 130+ 5 star Zillow reviews: here

Listings at highest number of the year... up 132 for the week.... up 14 weeks in a row

8/18/2018

The amount of listings went UP 132 since I checked last Saturday. I just checked and there were 5408 on Saturday 8/18 at 7:21 am .We were at 5155 on the corresponding date last year, and 7582 on the corresponding week in 2016, We are up 253 listings from the same week last year, and down almost 2200 from 2016. We were at 3808 on Jan 1 2018. We are at the highest number of listings for the year, the highest since 4/22/2017. Traditional thinking is that inventory of 6 times the number of sales would be a neutral market...not favoring sellers or buyers. In July, with the same criteria, we had 3089 closings. That means we would need 18534 listings for it to be a neutral market. I have always thought that Las Vegas is more transient than typical, and that 4 times is a better number. That would mean we should have 12356 to be neutral

 

DATE                                    NUMBER                 DATE                               NUMBER 
      12/30/17 3913
      12/23/17 4080
      12/16/17 4223
      12/9/17 4409
      12/2/17 4500
      11/25/17 4581
      11/18/17 4738
      11/11/17 4777
      11/4/17 4867
      10/28/17 4976
      10/21/17 5051
      10/14/17 5072
      10/7/17 5024
      9/30/17 5008
      9/23/17 5087
      9/16/17 5051
      9/9/17 5061
      9/2/17 5101
      8/26/17 5113
 8/18/18  5408   8/19/17 5155
 8/11/18  5276   8/12/17 5146
 8/4/18  4956   8/5/17 5155
 7/28/18  4769   7/29/17 5171
 7/21/18  4710   7/22/17 5172
 7/14/18  4567   7/15/17 5134
 7/7/18  4512   7/8/17 5146
 6/30/18  4437   7/1/17 5053
 6/23/18  4433   6/24/17 5129
 6/16/18  4411   6/17/17 5113
 6/9/18  4334   6/10/17 5069
 6/2/18  4241   6/3/17 5044
 5/26/18 4204    5/27/17 5121
 5/19/18  4170   5/20/17 5202
 5/12/18  4083   5/13/17 5231
 5/5/18  4085   5/6/17 5274
 4/28/18  3999   4/29/17 5279
 4/21/18  4023   4/22/17 5439
 4/14/18  3930   4/15/17 5509
 4/7/18  3865   4/8/17 5634
 3/31/18  3771   4/1/17 5572
 3/24/18  3860   3/25/17 5680
 3/17/18  3841   3/18/17 5736
 3/10/18  3784   3/11/17 5755
 3/3/18  3756   3/4/17 5748
 2/24/18  3752   2/25/17 5747
 2/17/18  3811   2/18/17 5862
 2/10/18  3813   2/11/17 5828
 2/3/18  3787   2/4/17 5810
 1/27/18  3837   1/28/17 6011
 1/20/18  3890   1/21/17 6027
 1/13/18  3954   1/14/17 6016
 1/6/18  3863   1/7/17 5969
 01/01/18  3808   1/1/17 5819

 

We have been keeping track of available single family listings in Las Vegas, Henderson, North Las Vegas and Boulder City for years. It is a pretty good indication as to the direction of the market. In our 25+ years of selling real estate here in Las Vegas, we have seen the number of listings range from under 3000 to over 22000.  If the number keeps going up, expect prices to stabilize or go down.  Feel free to call us or e-mail us for any of your real estate questions.

 

Sean and Emily Gunning
Berkshire Hathaway Home Services, Nevada Properties 
702 498-1171 [Sean] Sean@sellingvegas.com 
702 596-1171 [Emily] Emily@sellingvegas.com
www.SellingVegas.com

Read our 130+ 5 star Zillow reviews: here

Listings at highest number of the year... up 260.... still historically low, but up 13 weeks in a row

8/11/2018

The amount of listings went UP 260 since I checked last Saturday. I just checked and there were 5276 on Saturday 8/11 at 7:08 am .We were at 5146 on the corresponding date last year, and 7572 on the corresponding week in 2016, We are up 130 listings from the same week last year, and down almost 2300 from 2016. We were at 3808 on Jan 1 2018. We are at the highest number of listings for the year, the highest since 4/29/2017. Traditional thinking is that inventory of 6 times the number of sales would be a neutral market...not favoring sellers or buyers. In July, with the same criteria, we had 3089 closings. That means we would need 18534 listings for it to be a neutral market. I have always thought that Las Vegas is more transient than typical, and that 4 times is a better number. That would mean we should have 12356 to be neutral

 

DATE                                    NUMBER                 DATE                               NUMBER 
      12/30/17 3913
      12/23/17 4080
      12/16/17 4223
      12/9/17 4409
      12/2/17 4500
      11/25/17 4581
      11/18/17 4738
      11/11/17 4777
      11/4/17 4867
      10/28/17 4976
      10/21/17 5051
      10/14/17 5072
      10/7/17 5024
      9/30/17 5008
      9/23/17 5087
      9/16/17 5051
      9/9/17 5061
      9/2/17 5101
      8/26/17 5113
      8/19/17 5155
 8/11/18  5276   8/12/17 5146
 8/4/18  4956   8/5/17 5155
 7/28/18  4769   7/29/17 5171
 7/21/18  4710   7/22/17 5172
 7/14/18  4567   7/15/17 5134
 7/7/18  4512   7/8/17 5146
 6/30/18  4437   7/1/17 5053
 6/23/18  4433   6/24/17 5129
 6/16/18  4411   6/17/17 5113
 6/9/18  4334   6/10/17 5069
 6/2/18  4241   6/3/17 5044
 5/26/18 4204    5/27/17 5121
 5/19/18  4170   5/20/17 5202
 5/12/18  4083   5/13/17 5231
 5/5/18  4085   5/6/17 5274
 4/28/18  3999   4/29/17 5279
 4/21/18  4023   4/22/17 5439
 4/14/18  3930   4/15/17 5509
 4/7/18  3865   4/8/17 5634
 3/31/18  3771   4/1/17 5572
 3/24/18  3860   3/25/17 5680
 3/17/18  3841   3/18/17 5736
 3/10/18  3784   3/11/17 5755
 3/3/18  3756   3/4/17 5748
 2/24/18  3752   2/25/17 5747
 2/17/18  3811   2/18/17 5862
 2/10/18  3813   2/11/17 5828
 2/3/18  3787   2/4/17 5810
 1/27/18  3837   1/28/17 6011
 1/20/18  3890   1/21/17 6027
 1/13/18  3954   1/14/17 6016
 1/6/18  3863   1/7/17 5969
 01/01/18  3808   1/1/17 5819

 

We have been keeping track of available single family listings in Las Vegas, Henderson, North Las Vegas and Boulder City for years. It is a pretty good indication as to the direction of the market. In our 25+ years of selling real estate here in Las Vegas, we have seen the number of listings range from under 3000 to over 22000.  If the number keeps going up, expect prices to stabilize or go down.  Feel free to call us or e-mail us for any of your real estate questions.

 

Sean and Emily Gunning
Berkshire Hathaway Home Services, Nevada Properties 
702 498-1171 [Sean] Sean@sellingvegas.com 
702 596-1171 [Emily] Emily@sellingvegas.com
www.SellingVegas.com

Read our 130+ 5 star Zillow reviews: here

Listings at highest number of the year... up almost 200.... still historically low, but up 12 weeks in a row

8/4/2018

The amount of listings went UP 187 since I checked last Saturday. I just checked and there were 4956 on Saturday 8/4 at 7:21 am .We were at 5155 on the corresponding date last year, and 7542 on the corresponding week in 2016, We are down 199 listings from the same week last year, and down more than 2500 from 2016. We were at 3808 on Jan 1 2018. We are at the highest number of listings for the year, the highest since 11/04/2017. Traditional thinking is that inventory of 6 times the number of sales would be a neutral market...not favoring sellers or buyers. In July, with the same criteria, we had 3089 closings. That means we would need 18534 listings for it to be a neutral market. I have always thought that Las Vegas is more transient than typical, and that 4 times is a better number. That would mean we should have 12356 to be neutral

 

DATE                                    NUMBER                 DATE                               NUMBER 
      12/30/17 3913
      12/23/17 4080
      12/16/17 4223
      12/9/17 4409
      12/2/17 4500
      11/25/17 4581
      11/18/17 4738
      11/11/17 4777
      11/4/17 4867
      10/28/17 4976
      10/21/17 5051
      10/14/17 5072
      10/7/17 5024
      9/30/17 5008
      9/23/17 5087
      9/16/17 5051
      9/9/17 5061
      9/2/17 5101
      8/26/17 5113
      8/19/17 5155
      8/12/17 5146
 8/4/18  4956   8/5/17 5155
 7/28/18  4769   7/29/17 5171
 7/21/18  4710   7/22/17 5172
 7/14/18  4567   7/15/17 5134
 7/7/18  4512   7/8/17 5146
 6/30/18  4437   7/1/17 5053
 6/23/18  4433   6/24/17 5129
 6/16/18  4411   6/17/17 5113
 6/9/18  4334   6/10/17 5069
 6/2/18  4241   6/3/17 5044
 5/26/18 4204    5/27/17 5121
 5/19/18  4170   5/20/17 5202
 5/12/18  4083   5/13/17 5231
 5/5/18  4085   5/6/17 5274
 4/28/18  3999   4/29/17 5279
 4/21/18  4023   4/22/17 5439
 4/14/18  3930   4/15/17 5509
 4/7/18  3865   4/8/17 5634
 3/31/18  3771   4/1/17 5572
 3/24/18  3860   3/25/17 5680
 3/17/18  3841   3/18/17 5736
 3/10/18  3784   3/11/17 5755
 3/3/18  3756   3/4/17 5748
 2/24/18  3752   2/25/17 5747
 2/17/18  3811   2/18/17 5862
 2/10/18  3813   2/11/17 5828
 2/3/18  3787   2/4/17 5810
 1/27/18  3837   1/28/17 6011
 1/20/18  3890   1/21/17 6027
 1/13/18  3954   1/14/17 6016
 1/6/18  3863   1/7/17 5969
 01/01/18  3808   1/1/17 5819

 

We have been keeping track of available single family listings in Las Vegas, Henderson, North Las Vegas and Boulder City for years. It is a pretty good indication as to the direction of the market. In our 25+ years of selling real estate here in Las Vegas, we have seen the number of listings range from under 3000 to over 22000.  If the number keeps going up, expect prices to stabilize or go down.  Feel free to call us or e-mail us for any of your real estate questions.

 

Sean and Emily Gunning
Berkshire Hathaway Home Services, Nevada Properties 
702 498-1171 [Sean] Sean@sellingvegas.com 
702 596-1171 [Emily] Emily@sellingvegas.com
www.SellingVegas.com

Read our 130+ 5 star Zillow reviews: here

Number of listings up 11 weeks in a row...highest for year, still historically low

7/28/2018

The amount of listings went UP 59 since I checked last Saturday. I just checked and there were 4769 on Saturday 7/28 at 7:16 am .We were at 5171 on the corresponding date last year, and 7550 on the corresponding week in 2016, We are down 402 listings from the same week last year, and down more than 2700 from 2016. We were at 3808 on Jan 1 2018. We are at the highest number of listings for the year, the highest since 11/18/2017. Traditional thinking is that inventory of 6 times the number of sales would be a neutral market...not favoring sellers or buyers. In June, with the same criteria, we had 3271 closings. That means we would need 19626 listings for it to be a neutral market. I have always thought that Las Vegas is more transient than typical, and that 4 times is a better number. That would mean we should have 13084 to be neutral.

 

DATE                                    NUMBER                 DATE                               NUMBER 
      12/30/17 3913
      12/23/17 4080
      12/16/17 4223
      12/9/17 4409
      12/2/17 4500
      11/25/17 4581
      11/18/17 4738
      11/11/17 4777
      11/4/17 4867
      10/28/17 4976
      10/21/17 5051
      10/14/17 5072
      10/7/17 5024
      9/30/17 5008
      9/23/17 5087
      9/16/17 5051
      9/9/17 5061
      9/2/17 5101
      8/26/17 5113
      8/19/17 5155
      8/12/17 5146
      8/5/17 5155
 7/28/18  4769   7/29/17 5171
 7/21/18  4710   7/22/17 5172
 7/14/18  4567   7/15/17 5134
 7/7/18  4512   7/8/17 5146
 6/30/18  4437   7/1/17 5053
 6/23/18  4433   6/24/17 5129
 6/16/18  4411   6/17/17 5113
 6/9/18  4334   6/10/17 5069
 6/2/18  4241   6/3/17 5044
 5/26/18 4204    5/27/17 5121
 5/19/18  4170   5/20/17 5202
 5/12/18  4083   5/13/17 5231
 5/5/18  4085   5/6/17 5274
 4/28/18  3999   4/29/17 5279
 4/21/18  4023   4/22/17 5439
 4/14/18  3930   4/15/17 5509
 4/7/18  3865   4/8/17 5634
 3/31/18  3771   4/1/17 5572
 3/24/18  3860   3/25/17 5680
 3/17/18  3841   3/18/17 5736
 3/10/18  3784   3/11/17 5755
 3/3/18  3756   3/4/17 5748
 2/24/18  3752   2/25/17 5747
 2/17/18  3811   2/18/17 5862
 2/10/18  3813   2/11/17 5828
 2/3/18  3787   2/4/17 5810
 1/27/18  3837   1/28/17 6011
 1/20/18  3890   1/21/17 6027
 1/13/18  3954   1/14/17 6016
 1/6/18  3863   1/7/17 5969
 01/01/18  3808   1/1/17 5819

 

We have been keeping track of available single family listings in Las Vegas, Henderson, North Las Vegas and Boulder City for years. It is a pretty good indication as to the direction of the market. In our 25+ years of selling real estate here in Las Vegas, we have seen the number of listings range from under 3000 to over 22000. I'll try to do this every weekend. If the number keeps going up, expect prices to stabilize or go down. As usual, feel free to call us or e-mail us for any of your real estate questions.

 

Sean and Emily Gunning
Berkshire Hathaway Home Services, Nevada Properties 
702 498-1171 [Sean] Sean@sellingvegas.com 
702 596-1171 [Emily] Emily@sellingvegas.com
www.SellingVegas.com

Read our 130+ 5 star Zillow reviews: here

Listings at highest number of the year.... up 10 weeks in a row....still historically low

7/21/2018

The amount of listings went UP 143 since I checked last Saturday. I just checked and there were 4710 on Saturday 7/21 at 7:38 am .We were at 5172 on the corresponding date last year, and 7531 on the corresponding week in 2016, We are down 462 listings from the same week last year, and down more than 2800 from 2016. We were at 3808 on Jan 1 2018. We are at the highest number of listings for the year, the highest since 11/18/2017. Traditional thinking is that inventory of 6 times the number of sales would be a neutral market...not favoring sellers or buyers. In June, with the same criteria, we had 3271 closings. That means we would need 19626 listings for it to be a neutral market. I have always thought that Las Vegas is more transient than typical, and that 4 times is a better number. That would mean we should have 13084 to be neutral.

 

DATE                                    NUMBER                 DATE                               NUMBER 
      12/30/17 3913
      12/23/17 4080
      12/16/17 4223
      12/9/17 4409
      12/2/17 4500
      11/25/17 4581
      11/18/17 4738
      11/11/17 4777
      11/4/17 4867
      10/28/17 4976
      10/21/17 5051
      10/14/17 5072
      10/7/17 5024
      9/30/17 5008
      9/23/17 5087
      9/16/17 5051
      9/9/17 5061
      9/2/17 5101
      8/26/17 5113
      8/19/17 5155
      8/12/17 5146
      8/5/17 5155
      7/29/17 5171
 7/21/18  4710   7/22/17 5172
 7/14/18  4567   7/15/17 5134
 7/7/18  4512   7/8/17 5146
 6/30/18  4437   7/1/17 5053
 6/23/18  4433   6/24/17 5129
 6/16/18  4411   6/17/17 5113
 6/9/18  4334   6/10/17 5069
 6/2/18  4241   6/3/17 5044
 5/26/18 4204    5/27/17 5121
 5/19/18  4170   5/20/17 5202
 5/12/18  4083   5/13/17 5231
 5/5/18  4085   5/6/17 5274
 4/28/18  3999   4/29/17 5279
 4/21/18  4023   4/22/17 5439
 4/14/18  3930   4/15/17 5509
 4/7/18  3865   4/8/17 5634
 3/31/18  3771   4/1/17 5572
 3/24/18  3860   3/25/17 5680
 3/17/18  3841   3/18/17 5736
 3/10/18  3784   3/11/17 5755
 3/3/18  3756   3/4/17 5748
 2/24/18  3752   2/25/17 5747
 2/17/18  3811   2/18/17 5862
 2/10/18  3813   2/11/17 5828
 2/3/18  3787   2/4/17 5810
 1/27/18  3837   1/28/17 6011
 1/20/18  3890   1/21/17 6027
 1/13/18  3954   1/14/17 6016
 1/6/18  3863   1/7/17 5969
 01/01/18  3808   1/1/17 5819

 

We have been keeping track of available single family listings in Las Vegas, Henderson, North Las Vegas and Boulder City for years. It is a pretty good indication as to the direction of the market. In our 25+ years of selling real estate here in Las Vegas, we have seen the number of listings range from under 3000 to over 22000. I'll try to do this every weekend. If the number keeps going up, expect prices to stabilize or go down. As usual, feel free to call us or e-mail us for any of your real estate questions.

 

Sean and Emily Gunning
Berkshire Hathaway Home Services, Nevada Properties 
702 498-1171 [Sean] Sean@sellingvegas.com 
702 596-1171 [Emily] Emily@sellingvegas.com
www.SellingVegas.com

Read our 130+ 5 star Zillow reviews: here

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