LAS VEGAS MARKET UPDATE for JANUARY 26, 2023
The Numbers

Active Listings: 5,688 (down from 5,834 the previous week, a steady decline since mid_November)
Under Contract: 589 (up from 507 the previous week, trending up and the highest in 5 months)
Units Sold: 295 (up from 262 the previous week)
Median Days on Market: 44 (flat from 44 the previous week)  
Average Price: $513,033 (down from $528,575 the previous week)
Median Price: $424,843 (down from $430,000 the previous week)
Data from Jan 25, 2023 for Single Family Homes for Las Vegas, North Las Vegas, Henderson combined. 

Las Vegas Area Market Insights
Next month's outlook
January typically is the time when more buyers who are financing start conversations with lenders. This is staying on trend with mortgage applications continuing to rise. 
https://www.mortgagenewsdaily.com/news/01182023-mortgage-application-volume
Shortly after Superbowl weekend im ...