Las Vegas Housing Market Update January 2021

Dated: February 10 2021

Views: 372

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

Pricing your house right takes market experience and expertise in Las Vegas

Agents balance market demand, the values of homes in your neighborhood, where prices are headed, and your home’s condition to find the best price for your house. If you’re ready to sell,

Read More

Big Bathroom Impacts from Small Changes

Nobody likes a small bathroom. Unfortunately, a lot of houses have them. If you live in a home with a bathroom that makes you feel a bit claustrophobic, you might think that there isn’t much

Read More

Home Prices Up 15% Across the Nation.

Housing demand is easing while supply is slightly improving, narrowing the demandsupply gap. Preliminary data from (National Association of REALTORS - see complete details here) shows that

Read More

Final Walk-through - What Buyers Should Look For in Las Vegas.

Buyers often don’t realize that the final walk-through before closing is a vitally important part of the homebuying process. They should be reminded that this final walk-through can determine

Read More