This week the median list price for Henderson, NV is $445,000 with the Market Action Index hovering around 48 compared to 50 in our June report. Inventory has held steady at or around 934 available resale single-family homes in Henderson.
The Market Action Index answers the question “How’s the Market?” by measuring the current rate of sale versus the amount of the inventory. An index above 30 impiles Seller’s Market conditions. Below 30, conditions favor the buyer.
Henderson Real Estate = Strong Seller’s Market
While the Market Action Index shows some weakness from June, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the Market Action Index.
Henderson Real Estate Market Median List Price
The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.
Henderson Real Estate Market Price Per Square Foot
The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Henderson Real Estate Market Inventory
Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.
Henderson Real Estate Market Average Days on Market (DOM)
The properties have been on the market for an average of 92 days. Half of the listings have come newly on the market in the past 37 or so days. Watch the 90-day DOM trend for signals of a changing market.
Thank you for reading our post, Henderson Real Estate Market Report – July 2018. For more Henderson real estate market news, information on homes for sale, or general Henderson real estate information please visit our website www.jackwoodcock.com or visit our Facebook page https:www.facebook.com/TheJackWoodcockGroup/
The Jack Woodcock Group, selling Las Vegas Real Estate since 1974!