The latest RMLS Market Action report shows real estate activity in Clark County has reached a new low of 2,402 active residential listings, a drop of 21.4% from September of last year. Prices continue to show modest improvement.
The $218,700 average sales price for the first three quarters of 2012 of is 2.1% higher than the average price in the same period last year. Inventory stands at 5.6 months, which is a slight uptick from the last new months. Six months of inventory is considered a balanced market, favoring both buyers and sellers.