Greater Las Vegas Association of REALTORS® | Page 1

January 2020

December 2019

2020January 2020

Greater Las Vegas Association of REALTORS® | Page 2

January 2020

# Units Sold # New Listings # Units Available

2,283 3,097 4,906 +25.2% -18.6% -32.4%

Median Price Median Price Effective Availability

$305,000 $332,906 2.1 Months +1.7% +5.7% -46.0%

# Units Sold # New Listings # Units Available

592 852 1,418 +22.8% -13.0% -16.7%

Median Price Median Price Effective Availability

$175,000 $180,000 2.4 Months +2.9% +2.9% -32.2%

Housing Snapshot

Notes: Growth rates are compared to the prior year. Availability reflects inventory excluding those with offers.

Greater Las Vegas Association of REALTORS® | Page 3

January 2020

Market Statistics

Single-Family Units Condo/Townhouse Units

See notes, methodology and definitions on page 14.

Current ValueJanuary 2020

Growth FromDecember 2019

Growth FromJanuary 2019

Current ValueJanuary 2020

Growth FromDecember 2019

Growth FromJanuary 2019

Units SoldNo. of Units Sold 2,283 -12.5% +25.2% 592 -2.1% +22.8%Median Price of Units Sold $305,000 -2.6% +1.7% $175,000 -1.7% +2.9%Average Price of Units Sold $356,402 -3.6% +1.4% $197,169 +2.6% +7.0%

New ListingsNo. of New Listings 3,097 +54.8% -18.6% 852 +55.8% -13.0%Median Price of New Listings $332,906 +2.8% +5.7% $180,000 +0.6% +2.9%Average Price of New Listings $451,413 +6.4% +9.5% $202,849 +3.9% +7.2%

Availability (Including Offers)No. of Units Available 8,862 -0.2% -16.0% 2,391 +2.8% -5.2%Median Price of Units Available $341,450 +1.0% +5.1% $176,000 +0.6% +4.8%Average Price of Units Available $517,303 +1.3% +9.5% $202,569 +0.2% +7.8%

Availability (Excluding Offers)No. of Units Available 4,906 -11.4% -32.4% 1,418 -8.8% -16.7%Median Price of Units Available $367,950 +3.6% +8.9% $175,000 +0.1% +4.2%Average Price of Units Available $617,711 +5.3% +18.9% $208,252 +1.2% +10.0%

Effective Months of Availability 2.1 +1.2% -46.0% 2.4 -6.8% -32.2%

Time on Market for Units Sold January 2020 December 2019 January 2019 January 2020 December 2019 January 20190 - 30 days 46.1% 48.7% 48.3% 44.9% 47.1% 47.5%31 - 60 days 22.7% 22.8% 23.7% 21.3% 23.1% 23.7%61 - 90 days 14.1% 12.8% 14.6% 12.7% 12.9% 14.1%91 - 120 days 6.7% 6.9% 6.7% 7.8% 7.1% 7.9%121+ days 10.3% 8.7% 6.6% 13.3% 9.8% 6.8%

Greater Las Vegas Association of REALTORS® | Page 4

January 2020

Single-Family Market Trends

2,283 Units-12.5% vs. Prior Month+25.2% vs. Prior Year

0

1,000

2,000

3,000

4,000

2013 2014 2015 2016 2017 2018 2019 2020

Number of Closings

$305,000-2.6% vs. Prior Month+1.7% vs. Prior Year

$0$50,000

$100,000$150,000$200,000$250,000$300,000$350,000

2013 2014 2015 2016 2017 2018 2019 2020

Median Closing Price

Greater Las Vegas Association of REALTORS® | Page 5

January 2020

Single-Family Market Trends

3,097 Units+54.8% vs. Prior Month

-18.6% vs. Prior Year

Number of New Listings

4,906 Units-11.4% vs. Prior Month-32.4% vs. Prior Year

Availability(Excl. offers)

0

1,000

2,000

3,000

4,000

5,000

2013 2014 2015 2016 2017 2018 2019 2020

0

2,000

4,000

6,000

8,000

10,000

2013 2014 2015 2016 2017 2018 2019 2020

Greater Las Vegas Association of REALTORS® | Page 6

January 2020

Single-Family Market Trends

2.1 Months+1.2% vs. Prior Month-46.0% vs. Prior Year

Effective Months of Availability

46.1% of Closings48.7% vs. Prior Month48.3% vs. Prior Year

Time on Market: 30 Days or Less

0.0

1.0

2.0

3.0

4.0

5.0

2013 2014 2015 2016 2017 2018 2019 2020

0%

20%

40%

60%

80%

2013 2014 2015 2016 2017 2018 2019 2020

Greater Las Vegas Association of REALTORS® | Page 7

January 2020

Condo/Townhouse Market Trends

592 Units-2.1% vs. Prior Month+22.8% vs. Prior Year

0

200

400

600

800

1,000

2013 2014 2015 2016 2017 2018 2019 2020

Number of Closings

$175,000-1.7% vs. Prior Month+2.9% vs. Prior Year

$0

$50,000

$100,000

$150,000

$200,000

2013 2014 2015 2016 2017 2018 2019 2020

Median Closing Price

Greater Las Vegas Association of REALTORS® | Page 8

January 2020

Condo/Townhouse Market Trends

852 Units+55.8% vs. Prior Month

-13.0% vs. Prior Year

Number of New Listings

1,418 Units-8.8% vs. Prior Month-16.7% vs. Prior Year

Availability(Excl. offers)

0

200

400

600

800

1,000

1,200

2013 2014 2015 2016 2017 2018 2019 2020

0

500

1,000

1,500

2,000

2,500

3,000

2013 2014 2015 2016 2017 2018 2019 2020

Greater Las Vegas Association of REALTORS® | Page 9

January 2020

Condo/Townhouse Market Trends

2.4 Months-6.8% vs. Prior Month-32.2% vs. Prior Year

Effective Months of Availability

44.9% of Closings47.1% vs. Prior Month47.5% vs. Prior Year

Time on Market: 30 Days or Less

0.0

1.0

2.0

3.0

4.0

5.0

6.0

2013 2014 2015 2016 2017 2018 2019 2020

0%

20%

40%

60%

80%

100%

2013 2014 2015 2016 2017 2018 2019 2020

Greater Las Vegas Association of REALTORS® | Page 10

January 2020

MLS

Are

as: U

rban

Val

ley

Greater Las Vegas Association of REALTORS® | Page 11

January 2020

Area No. of Units Sold Median Sold Price Average Sold Price No. of Units Sold Median Sold Price Average Sold Price101 - North 33 $200,000 $205,170 1 $136,000 $136,000102 - North 142 $319,450 $356,581 3 $257,000 $255,167103 - North 306 $284,950 $298,490 20 $169,000 $184,434201 - East 30 $202,750 $189,863 7 $95,000 $86,771202 - East 45 $220,000 $218,036 18 $109,450 $116,200203 - East 48 $238,750 $277,333 22 $141,875 $140,990204 - East 89 $241,000 $257,662 21 $125,000 $142,934301 - South 40 $260,649 $259,540 39 $165,000 $172,481302 - South 58 $260,000 $276,718 33 $129,500 $129,302303 - South 117 $318,000 $357,824 23 $225,900 $221,157401 - North West 21 $250,000 $317,086 5 $110,000 $109,900402 - North West 76 $239,500 $246,957 23 $133,000 $133,000403 - North West 54 $274,450 $296,763 47 $145,000 $148,246404 - North West 92 $402,500 $509,835 33 $300,000 $300,773405 - North West 194 $307,750 $378,823 28 $175,000 $181,221501 - South West 38 $325,000 $358,986 24 $147,495 $156,420502 - South West 94 $386,500 $358,986 22 $212,000 $430,758503 - South West 97 $340,000 $374,584 71 $175,000 $200,002504 - South West 121 $320,000 $380,429 25 $177,000 $185,816505 - South West 127 $330,000 $380,429 9 $250,000 $239,633601 - Henderson 20 $325,000 $382,900 10 $210,000 $196,145602 - Henderson 69 $335,000 $364,945 31 $225,500 $222,938603 - Henderson 44 $374,500 $379,886 13 $250,000 $237,432604 - Henderson 38 $322,500 $317,134 5 $215,000 $204,500605 - Henderson 63 $318,000 $365,871 13 $204,000 $203,245606 - Henderson 144 $417,500 $551,809 29 $224,000 $227,825

Housing Update by MLS Area: Urban Valley

Single-Family Units Condo/Townhouse Units

Greater Las Vegas Association of REALTORS® | Page 12

January 2020

MLS

Are

as: O

utly

ing

Are

a

Greater Las Vegas Association of REALTORS® | Page 13

January 2020

Housing Update by MLS Area: Outlying Area

Area No. of Units Sold Median Sold Price Average Sold Price No. of Units Sold Median Sold Price Average Sold Price701 - Boulder City 21 $371,600 $498,460 5 $218,000 $209,830702 - Boulder City 2 $385,000 $385,000 4 $287,450 $297,975800 - Mesquite 1 $315,000 $315,000 1 $140,000 $140,000801 - Muddy River (Moapa, Glendale, Logandale, Overton) 7 $250,000 $340,357 - $0 $0

802 - Mt. Charleston/Lee Canyon 1 $737,000 $737,000 - $0 $0803 - Indian Springs/Cold Creek 2 $258,250 $258,250 - $0 $0804 - Mountain Springs 1 $473,040 $473,040 - $0 $0805 - Blue Diamond - $0 $0 - $0 $0806 – State Line/Jean/Goodsprings - $0 $0 - $0 $0807 - Sandy Valley 1 $156,300 $156,300 - $0 $0808 - Laughlin 1 $199,000 $199,000 5 $183,180 $152,180809 - Other Clark County - $0 $0 - $0 $0810 - Pahrump 43 $245,000 $246,139 1 $89,000 $89,000811 - Nye County - $0 $0 - $0 $0812 - Lincoln County 2 $157,050 $157,050 - $0 $0813 - Other Nevada 2 $182,500 $182,500 1 $1,974,000 $1,974,000814 - Amargosa Valley - $0 $0 - $0 $0815 - Beatty - $0 $0 - $0 $0816 - White Pine County 6 $149,950 $124,150 - $0 $0817 - Searchlight - $0 $0 - $0 $0900 - Outside Nevada - $0 $0 - $0 $0

Single-Family Units Condo/Townhouse Units

Greater Las Vegas Association of REALTORS® | Page 14

January 2020

Source: Greater Las Vegas Association of REALTORS® // (702) 784-5000 // 6360 S. Rainbow Blvd.; Las Vegas, NV 89118www.lasvegasrealtor.com

Territorial Jurisdiction: Clark, Nye, Lincoln and White Pine Counties, Nevada, and such other areas as from time to time may be allocated to the GLVAR by the Board of Directors of the National Association of REALTORS®

Media Contact Information: George McCabe, B&P Public Relations // (702) 325-7358 // gmccabe@bpadlv.com

Methodology and Disclaimer: This data is based on information from the Greater Las Vegas Association of REALTORS® (GLVAR) Multiple Listing Service (MLS). This information is deemed reliable but is not guaranteed. MLS collects, compiles and distributes information about homes listed for sale by its subscribers who are real estate agents. MLS subscription is available to all real estate agents licensed in Nevada, but is not available to the general public. Not all licensed agents subscribe to the MLS. MLS does not include all new homes available or listings from non-MLS agents, nor does it include properties for sale by owner.

Definitions:Units Sold:

New Listings:

Availability:

Availability Including Offers:

Availability Excluding Offers:

Effective Months of Inventory:

Actual closings/recordings (not contracts) during the reporting periodUnits that were initially listed in the MLS for sale during the reporting periodThe number of units available at the end of the reporting periodUnits listed as available that have pending or contingent offers in placeUnits listed as available that do not have any pending or contingent offers in placeReflects the number of units available (excluding offers) divided by the number of sales during the reporting period

Notes, Methodology and Definitions

Greater Las Vegas Association of REALTORS® | Page 15

January 2020

Thomas L. BlanchardPresident

Aldo M. MartinezPresident Elect

Mark W. SivekVice President

Jillian M. BatchelorTreasurer

Janet S. CarpenterPast Chairperson

Robin CivishCALV President

Chantel E. TilleyMember

Timothy KiernanMember

Shanta PattonMember

Merri PerryMember

Shawn C. CunninghamMember

George KypreosMember

Lee K. BarrettMember

Stephanie GrantMember

Randy K. HatadaMember

Robbin L. BaloghStaff Liaison

Wendy M. DiVecchioCEO

GLVAR Board of Directors2020 About GLVAR

GLVAR was founded in 1947 and provides its more than 14,000 local members with education, training and political representation. The local representative of the National Association of REALTORS®, GLVAR is the largest professional organization in Southern Nevada. Each GLVAR member receives the highest level of professional training and must abide by a strict code of ethics.

6360 S. Rainbow Blvd.Las Vegas, Nevada 89118

(702) 784-5000

www.LasVegasRealtor.com