Las Vegas October Real Estate Market Report

New Listings continue to decline down to 3231 in October from 3508 in September.

Pending sales also declined down to 2163 in October from 2452 in September.

Closed sales are also down to 2148 in October from 2516 in September.

Not surprisingly the median sales price jumped once again to $420,000 in October from $413,000 in September.

And finally inventory of homes for sale remained tight but stable at 5902.  As a reference, when Las Vegas is in a "balanced" market we would typically see around 12,000 homes available at any one time. 

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