This NW condo is ideal for entertaining family or friends! Ground level two bedroom stylish unit offers you endless opportunity for entertaining. Elegant open floor plan with NEW SS kitchen
MARKET UPDATE Las Vegas November 2020
Dated: December 2 2020
The median sales price of new houses sold in October 2020 was $330,600. The average sales price was $386,200.
For Sale Inventory and Months’ Supply
The seasonally-adjusted estimate of new houses for sale at the end of October was 278,000. This represents a supply of 3.3 months at the current sales rate.
New Home Sales
October New Home Sales soared 41.5% over a year ago, 29.1% above their pre-pandemic high. Builders are well-motivated when supply is below 4.3 months and it’s now at 3.3!
Sales of new single-family houses in October 2020 were at a seasonally adjusted annual rate of 999,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.3 percent (±13.6 percent)* below the revised September rate of 1,002,000, but is 41.5 percent (±22.6 percent) above the October 2019 estimate of 706,000.
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