Las Vegas Housing Market Update January 2021

Dated: February 10 2021

Views: 397

Housing Market Recovery Index (from stayed above its pre-pandemic baseline, all measures, except new listings, growing faster than a year ago. They see the housing market “in position for further growth this spring.”

Home seller profits went up in more than 90% of the markets evaluated, and both profits and ROI have now grown nationwide nine years in a row. Yet people are staying in their homes longer—average tenure hit 8.33 years in Q4 of 2020.

Las Vegas Market


The Median Sales Price increased 13.1% to $345,000 for Single Family homes in Las Vegas and 10.4% to $193,250 for Townhouse/Condo homes. Days on Market decreased 27.5 percent for Single Family homes and 20.7 percent for Townhouse/Condo homes.

Months Supply of Inventory decreased 56% for Single Family homes and 44.8% for Townhouse/Condo homes.

January started off strong for the housing market, with healthy buyer demand and strong market fundamentals. A robust increase in housing starts in December points to an active year for new construction, but higher material costs, especially lumber, and a limited supply of buildable lots will temper the number of new units.

Grab a copy of my book for FREE (HERE)


Blog author image

Kenneth Manesse

Helping you experience something new in Las Vegas that's guaranteed. Real Estate with less stress!....

Latest Blog Posts

Should You Negotiate When buying A Home In A Sellers Market?

Whether you are a first-time homebuyer or a seasoned veteran, the negotiation part of the transaction can be a little daunting and stressful. However, it is necessary to ensure you are getting the

Read More

27.9% of Las Vegas Local Property Sales - CASH

The total number of existing local homes, condos, town homes and other residential properties sold in Southern Nevada during 2021 was 50,010, according to That was the first time

Read More

Las Vegas Predictions for 2022 Real Estate

Experts agree that the Las Vegas real estate housing market will continue to favor sellers for some time, possibly for years, but with slower growth in home prices and decelerating inflation. The

Read More

Las Vegas Most Underestimated Homeowner Project.

With growing demand for home remodeling and construction material shortages, budgeting accordingly for house projects has been unpredictable. Many homeowners may be getting sticker-shocked at how

Read More