Las Vegas valley housing market reports
No market has enough active listings to report on today. The reports return with the inventory.
What a market report says
What it costs
The median asking price and the median price per square foot of everything on the market, so a home's own price has something to sit against.
How long it takes
The median days the homes currently listed have been listed. A market where that number is climbing is a market where buyers have time.
Who has given ground
The share of listings that have already cut their asking price, and the median of sold price over final ask where enough homes have closed.
Month by month
Every report keeps its own archive, so a figure can be read against the same figure a year ago rather than against a feeling.
The asking side is here; the closing side is on the recently sold pages, which come from the county assessor's record rather than from a feed. Two markets side by side is the comparisons, the week's movement is the pulse, and distress filings are the foreclosure pages. How every figure on these pages is computed is in the methodology. For what is for sale right now, start with the listings.
Questions people ask
Where do these figures come from?
From Kouzr's own daily snapshots of every active listing in the valley. Nothing here is licensed from an MLS or a portal, and nothing here is an estimate of what a home is worth: these are the asking prices and the days on market of the homes that are actually for sale today.
How often do the reports update?
Daily. The snapshot pipeline runs each morning and every figure on a report is recomputed from it; the page itself is cached for an hour at a time.
Why is my city not listed?
A place needs at least five active listings before it gets a report. Below that a median is one or two homes wearing the word median, which is worse than saying nothing. The place still has a listings page; it just has no report.
What does the share of listings that have cut mean?
The percentage of the homes currently for sale in that market whose asking price is lower than the price they were first listed at. It is a measure of how much the sellers who are still on the market have had to give, not of how much prices have fallen.
These are asking prices and time on market, not appraisals and not an index of home values. A place with fewer than 5 active listings is left out rather than given a median computed from three homes. Data about homes and prices, never about people.