Ruthie Rocks & Teaching Jim Audio Experience - Las Vegas Real Estate Market Stats And Million 💲Stats😱

Las Vegas' housing market was in bleak shape a decade ago. Property values had plunged, banks had foreclosed on homes throughout Southern Nevada, and builders' sales had evaporated. Today? Prices have never been higher.

Fueled by cheap money, Las Vegas is in a a prolonged buying boom, marked over the past year or so by rapid sales, owners selling above their asking price, builder putting buyers on waiting lists and fast-rising prices that reach new all-time highs practically every month.

What difference a decade makes
Southern Nevada's housing market looks almost nothing like it did a decade ago when prices hit bottom. Numbers from January of each year.

2012
Median Sales Price - $118,000
Share of Homes sold within 30 days - 36.7%
Listings without offers - 8.001
Number Of Sales - 2,931
Distressed homes' share of all sales - 73.6%
Total dollar value of sales - $419.7m

2022
Median Sales Price - $435,000
Share of Homes sold within 30 days - 71.3%
Listings without offers - 1,821
Number Of Sales - 2,561
Distressed homes' share of all sales - 0.8%
Total dollar value of sales - $1.35B

*Data covers short sales and foreclosed homes of all types, including single-family, condos and townhouses.
Note: Data is for previously owned single-family homes, unless noted.

Source: Las Vegas Realtors

Available Million $ Homes
$1 to $2 Million - 194
$2 to $3 Million - 63
$3 to $5 Million - 52
$5 to $10 Million - 37
$10 over Million - 22

Total available: 368

Watch the video and find out more!