Las Vegas Home Sales Statistics

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Las Vegas home sales statistics support the fact that Las Vegas is the fastest growing city in our nation! Comparing 2002 to 2001, existing home sales in Clark County, Nevada grew by 12.2% while the growth in the nation was 5.1%. Ten-year growth of existing single family home sales (2002 vs. 1993) in Clark County was 268.1% while the growth nationwide was 46.6%. (Source: Homebuilders Research Inc.)

The following are some facts about Las Vegas Home Sales Activity:

  • Existing Home Sales 2002 = 38,621
  • New Home Sales 2002 = 22,502
  • New Home Permits = 22,050 (up 4% over 2001)
  • Ten-year growth of new home sales = 57.5%
  • Ten-year growth of existing home sales = 268.1%
  • New Home Median Price = $ 186,827 (up 4.4% over 2001)
  • Existing Home Median price = $ 157,000 (up 10.56% over 2001)
  • Top Southern Nevada Homebuilder is KB Homes with 2,959 recorded  home sales in 2002 = 13.09% market share
  • Homebuilders with 5+ % of market share and over 1,000 recorded home sales in 2002 are DR Horton, Richmond American, Pardee, and Del Webb
    Source: Home Builders Research Inc

Affordable housing availability is a major reason that over 6,000 individuals are relocating to Las Vegas every month. Approximately one-third of those relocating to Las Vegas are from California where housing prices are extremely high in comparison to the Las Vegas home and real estate prices. .

Please contact us if you have questions about Las Vegas home sales statistics or Las Vegas real estate activity or visit our Home Sales Statistics Resource Links for further information.

And to receive a customized, free listing of available Las Vegas homes and real estate, use our Free MLS SearchLas Vegas Real Estate MLS Search for available existing Las Vegas homes and use the Las Vegas New Construction Search for available new Las Vegas homes.

Home Sales Statistics Resource Links:

The Southern Nevada Home Builders Association provides detailed information about Southern Nevada home builders' activity and about economic indicators for the region.

Homes & Living magazine provides a monthly Las Vegas housing guide.

Home Builders Research, Inc. of Las Vegas provides home sales statistics for the Las Vegas area including Clark County, Las Vegas, Henderson, North Las Vegas, and Boulder City.

The Meyers Group compiles current metro Las Vegas housing and homebuilding data.

Southern Nevada New Homes Guide is a monthly metro Las Vegas housing guide.

Economic Development Authority of western Nevada (EDAWN) has housing and
demographic information for northern and western Nevada.