May 6, 2022

May 20, 2022

Monday Market Update for the week of Apr. 21st - 27th, 2022

Active listings inching up | 7-days at a glance,14 days on market, 3.5 weeks supply, 613 new inventory,2,328 active listings, 666 weekly sales,831 under contract, $595,414 average weekly sales, and the most expensive home sold this week was $8,295,000.

Here is what happened in the Las Vegas Real Estate Market for the week of April 21st to 27th with Brendan from The Brendan King Group @ REAL. 

Active listings inching up | 7-days at a glance,14 days on market, 3.5 weeks supply, 613 new inventory,2,328 active listings, 666 weekly sales,831 under contract, $595,414 average weekly sales, and the most expensive home sold this week was $8,295,000.

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Text: Market To: 702-553-1955 

Brendan King

S.0171492

The Brendan King Group

Office: 702-625-3457

Email: info@kingvegashomes.com

Website: https://www.kingvegashomes.com/

Real Broker, LLC

7997 W. Sahara Ave. 

Las Vegas, NV 89117

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This is transcribed (accuracy not guaranteed)

Brendan King (00:10):Hey, what's going on? It'sBrendan King from the Brendan King Group at REAL, and this is your Mondaymarket update for April 21st through April 27th. Let's check out the data.

Brendan King (00:21):So on average, 102% of listprice was received. Average days on market went up a little bit. It's actually14 days on average for a home on the market. Weeks of supply was 3.5 weeks ofsupply. This also went up a little bit. Last week we were at 3.2 weeks ofsupply. New inventory, we're at 613 homes, which is up a little bit from lastweek. Active listings, 2,328 properties. Again, also up from last week, whichwas 2,203, and up about 300 homes from last year, which was 2,046. Weeklysales, we had 666 weekly sales, 6-6-6, and last year same week we had about751. Under contract, 831 homes, which is also up, but it's also down from lastyear from 992 homes that went under contract this week. Our average weeklysales price was $595,414. The most expensive home sold this week was 8,295,000.

Brendan King (01:33):All right, what does all thismean? You know what? There's some uptick going on weeks of supply, average dayson market, active listings. Definitely something to keep an eye on when allthree go up together. If we see this next week and the week after, then thatcould be a little bit of a shift. But otherwise it's a little bit more of thesame. We're still at 3.5 weeks of supply. Anything under six months is aseller's market. So we'll just keep an eye out as we always do. As you know wealways do, we'll always keep an eye on what's going on. Don't forget, textmarket to 702-553-1955. We'll text this to you every single week. In themeantime, if you guys ever have any questions, you can always check out ourwebsite, of course, www.kingvegashomes.com. Have a good week.

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