Here is what happened in the Las Vegas Real Estate Market for the week of Sept 2nd - 8th with Brendan from The Brendan King Group
Market holds steady - 7-days at a glance, 18- days on market, 4.0 weeks supply, 263 new inventory, 2,394 active listings, 594 weekly sales, 522 under contract, $500,357 average weekly sales, and the most expensive home sold this week $6,045,000.
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Text: Market To: 702-553-1955
The Brendan King Group
Simply Vegas Real Estate
3042 S Durango
Las Vegas, NV 89117
New Home Site: https://www.showingnew.com/kingvegashomes
This is transcribed (accuracy not guaranteed)
Brendan King (00:08): Hey, what's going on everybody? It's Brendan King from The Brendan King Group at Simply Vegas and this is your Monday Market Update for September 2nd through September 8th. Let's check out the data.
Brendan King (00:20): So as it's been kind of carrying along, 100% of list price on average was received. So that's equal t olast week. Average days on market is hovering around 18 days, which is a little bit up from last week of 15. And then the weeks supply, we've actually gone up from 2.9 last week to four weeks of supply.
Brendan King (00:43): Again, what does this mean? Right now, we're kind of just hovering around the same market. Like I said, the weeks supply, jumping around, two weeks, three weeks, four weeks. It's just going to keep doing that throughout these next few months. And we'll probably start to see the inventory tick up a little bit due to the holidays as we reach October, but in the end, it's still a seller's market. And of course, buyers just have a couple more options right now.
Brendan King (01:13): Moving forward, so the average inventory, I should say new inventory, was 263 homes compared to 283 last week. And we had active listings of 2,394. Weekly sales, we're at 594 sales compared to last week of 878. And under contract, 522 homes compared to 608 last week. Average weekly sales price was $500,357, and the most expensive home sold was$6,045,000. Again, it's just more of the same right now.
Brendan King (01:54): And as always, if you'd like this texted to you every week, you can text MARKET to 702-553-1955. Text MARKET to 702-553-1955 and you will get this every single week texted directly to your phone, of course. And that just makes it a little easier if you want it quick. That's the first group we send it to actually. Otherwise, like I said, more of the same. If you ever want more information, always check out our website,www.kingvegashomes.com or feel free to give us a call 702-625-3457. And either way, we will see you again next week. Have a good one.