This week the median list price for Henderson, NV is $467,990 with the market action index hovering around 50. This is an increase over last month’s market action index of 49. Inventory has held steady at or around 865 resale homes available for sale.
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 implies Seller’s Market conditions. Below 30, conditions favor the buyer.
Henderson Real Estate = Strong Seller’s Market
In the last few weeks, the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s market zone so watch future changes to the Action Market Index. If the market heats up, prices are likely to resume an upward climb in Henderson real estate.
Henderson Real Estate Median List Price
The Henderson real estate market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.
Henderson Real Estate 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. Wath the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.
Henderson Real Estate Inventory
Henderson real estate inventory has been relatively stable around these levels in recent weeks. Readers should, however, note that current inventory levels represent a three week supply of available resale housing.
Average Days on Market (DOM)
The properties have been on the market for an average of 108 days. Half of the listings have come newly on the market in the past 40 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 – June 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!