In Las Vegas and Henderson, Nevada real estate, overall, we are in what is considered an extreme seller's market. While the real estate climate fluctuates and changes with financial and statistical trends, Las Vegas has seen a great amount of growth. 2.05 months of inventory exhibits the seller's market data, even though the market can be different based on demand and the quantity of homes for sale in each price range. Different regions in Las Vegas sell at varying speeds- some of these statistics can impact the value of homes for sale in Las Vegas and Henderson, Nevada. In North Las Vegas, 507 homes sold with 2.28 months of inventory, at a median sale price of $165,000. In contrast, in Boulder City, Nevada there were 14 listings sold with 3.71 months of inventory- the average selling price here was $182,050. High levels of home sales in the Southwest show 587 home sales at a median price of $220,000 after 2.81 months of inventory. These figures have dramatically increased over a short period of time. Adding as much as twice the amount of active listings to the real estate pool, cutting off months of time for inventory, the climate for home sales in the Las Vegas and Henderson, Nevada area is still on the rise. Home prices are ascending in this current sellers market and home inventory is still up, even though there have been some slight variances. In an extreme seller’s market, 0-3 months of inventory is the norm, with very high appreciation. Extreme buyer’s markets see 12 months or more for inventory sales, with high depreciation. A balanced market typically falls somewhere in between at 6-9 months of inventory, with slight depreciation of properties. Home prices are continuing to rise, regardless of the number of home sales in certain sectors. In the current extreme seller's market climate, zip codes in and around the Las Vegas area can be an implication as to what areas are experiencing the most home sales. 89052 (Henderson, NV) has seen high numbers of home sales in September 2013, at 78 sold at a median sale price of $265,000 which is slightly down from August 2013. 89178 (near Enterprise, NV) came in at on average 79 home sales for 2.44 months of inventory. Prices in this area mark at $215,000. The 89005 zip code (Boulder City, NV) showed 13 homes sold after 4 months of inventory, Overall, home sales are up significantly quarter-over-quarter from just a few months ago, and home prices are continuing to rise at rapid rates. Download Full Market Report (PDF)