Latest Clark County Market Update
by Dale Chumbley, Clark County REALTOR
Clark County Real Estate Blog
The Chumbley Team

Hello Clark County,

The numbers are in. We just received the latest RMLS statistics for the end of June.As we compare the market activity from January through June 2007 to the same 2006 time period, we see new listings have dropped a slight 2.1%. The closed sales have decreased 20.5% and the pending sales have decreased only 3.3%.

Our current Clark County inventory sits at 6.8 months which is down from the previous 7.1 from May.

While our appreciation rate has slowed from what it was, we are still seeing the average sale price increase by 5.3% ($306,600 vs. $291,100) county wide. Our median sale price is also still increasing at a rate of 5.1% ($264,900 vs. $252,000).

If you have any questions please feel free to ask.

Take care,

Dale Chumbley