Here is what happened in the Las Vegas Real Estate Market for the week of Nov. 25th to Dec. 1st with Jack Palermo from The Brendan King Group @ REAL.
Holiday week brings number down | 7-days at a glance, 21 days on market, 4.9 weeks supply, 345 new inventory, 2,822 active listings, 574 weekly sales, 615 under contract, $509,710 average weekly sales, and the most expensive home sold this week was $6,500,000.
To receive the Market Updates weekly
Text: Market To: 702-553-1955
The Brendan King Group
Real Broker, LLC
7997 W. Sahara Ave.
Las Vegas, NV 89117
Summerlin Home Search https://bit.ly/3hxIL7K
New Home Site: https://www.showingnew.com/kingvegashomes
This is transcribed (accuracy not guaranteed)
Jack Palermo (00:07): Hey, it's Jack Palermo from theBrendan King Group at Real, here with your Monday Morning Market update for theweek of November 25th through December 1st.
Jack Palermo (00:15): Let's take a look at some ofthose stats. Okay. A 100% average of all list prices were received, equal tothe last months, and months, and months; 21 average days on market, which isdown from last week, which was sitting at about 22. This week, 4.9 weeks ofsupply, compared to last week at 3.6.
Jack Palermo (00:35): I know, it looks like a lotmore supply right now, but David, what kind of market is it?
David (00:41): It's still a seller's market.
Jack Palermo (00:42): It is still a seller's market,and, due to the fact, as you'll see the more stats come in, we feel like it hasto do with Thanksgiving week.
Jack Palermo (00:51): Let's take a look at more ofthose stats. New inventory, 345 compared to last week at 500. Active listings,2822, compared to last week at 2934. Weekly sales at 574, compared to 815.Obviously, Thanksgiving had something to do with that. Also, under contract615, compared to last week at 922. Your average weekly sale price was $509,710,and the most expensive home sold this week $6.5 million.
Jack Palermo (01:23): If you need the market updatedirectly sent to your phone, please do text market to 702-553-1955. Once again,702-553-1955.
Jack Palermo (01:38): Also, you can definitely giveme a call at 702-623-3312, or you can email me at firstname.lastname@example.org.
Jack Palermo (01:46): Everybody have a great week.Enjoy the start of the holidays. Take care.