Latest Market Overview - January 2024
$425K
Median Home Price
+5.2% vs last year
28
Days on Market
-12% vs last year
2,847
Active Listings
+8.5% vs last month
98.5%
List to Sale Ratio
+2.1% vs last year
Key Market Trends
Buyer Trends
- • Increased demand for single-family homes
- • Growing interest in Summerlin luxury properties
- • First-time buyers focusing on Henderson and Green Valley
- • Remote work driving suburban preferences
- • Strong demand for homes with outdoor space
Seller Trends
- • Sellers receiving multiple offers
- • Homes selling above asking price
- • Reduced time on market
- • Increased equity for long-term owners
- • Strategic pricing driving quick sales
2024 Market Forecast
Q1 2024
Continued strong demand with moderate price appreciation. Spring market expected to be active with increased inventory.
Q2 2024
Peak selling season with highest activity. Summerlin and Henderson expected to lead price growth.
Q3-Q4 2024
Stable market conditions with steady demand. Investment properties gaining popularity.