Average days on market is an indicator of buying activity. Watching the change, or lack of change, in this statistic year-to-year can give some indication of the current market conditions, as well as where the market may be likely to go in the near-term future.

The first chart above shows average days on market for all price categories year-to-date through Oct 30, 2020 for Las Vegas residential real estate.

The second chart below shows the same statistic for 2019. As you can see, the average days on market has increased for some price categories, but only slightly. Other categories appear to be moving even more quickly than last year.

It is important to note that these are price cate...

The Las Vegas high-rise condo market is its own thing in a lot of ways. There is the real estate market, overall. And within that larger market there are various sub markets. Those sub markets tend to be unique in various ways, and separate from the larger marketplace. The "sub markets" do not necessarily follow the trends of the real estate market as a whole.

High-rise condos are a perfect example of this. High-rise properties have features, both good and bad, that are not present in other more traditional residential properties. The buyers and sellers tend to be different. The factors that impact your ability to get financing and insurance might be different. And certainly, your carry ...

The Las Vegas high-rise condo market is its own thing in a lot of ways. There is the real estate market, overall. And within that larger market there are various sub markets. Those sub markets tend to be unique in various ways, and separate from the larger marketplace. The "sub markets" do not necessarily follow the trends of the real estate market as a whole.

High-rise condos are a perfect example of this. High-rise properties have features, both good and bad, that are not present in other more traditional residential properties. The buyers and sellers tend to be different. The factors that impact your ability to get financing and insurance might be different. And certainly, your carry ...