October 2023 Market Report
As part of your CCAR and RMLS memberships you receive access to monthly market action reports from RMLS. CCAR condenses these market reports down into sharable graphics that you are encouraged to download and share with your clients, or share on your social media accounts.
Simply click the link above to download the image, or click the social share sized graphics below to download them.
Historic data is available on the CCAR website.
Here’s what CCAR President Curtis Ambrose had to say about the October market:
“The prime driver of the activity – or lack thereof – in our current markets is high interest rates. Today’s interest rate environment is causing those who might otherwise want or need to move, but who have locked in a rate in the 2s, 3s, or 4s, to stay and wait for rates to come down before moving, while buyers are being hit with the double-whammy of high prices and high interest rates holding down affordability. Lowering interest rates coupled with more housing production would help to free up available inventory in Clark County.”
September 2021 Market Statistics Now Available
September Residential Highlights
New listings (1,000) increased 8.0% from the 926 listed in September 2020, and decreased 8% from the 1,087 listed in August, 2021.
Closed sales (917) decreased 2.4% from the 940 closings in August 2020, and decreased 1% from the 926 closings in August 2021
Closed Sales
Decreased 2.4% from 940 closing in September 2020, and decreased 1% from 926 closings in August 2021.
Inventory & Market Time
Inventory held steady at 0.8 months in September. Total market time increased to 18 days.
Median Sale Price
Comparing 2021 to 2020 through September, the median sale price has increased 15% from $399,900 to $460,000.
Year-to-Date Summary
Comparing the first nine months of 2021 to the same period in 2020, new listings (9,284) increased 9.7%, pending sales (8,018) increased 7.1%, and closed sales (7,682) increased 18.8%.
More information: https://www.rmlsweb.com/v2/public2/loadfile.asp?id=11823
Watch the October 20th CCAR Membership Meeting Recap
Did you miss the October 20th CCAR Membership Meeting with Dr. Lawrence Yun? Watch the recap below!