Nevada Real Estate >> Las Vegas Real Estate Specialist: Las Vegas November 2007 Rental Home Report

Las Vegas November 2007 Rental Home Report

Average rents have decreased from last two months, median rents down also as we saw inventory rise yet absorption remained healthy.

Units Leased:

  • November 2007:  1452
  • October 2007:  1501
  • November 2007:  1009

Average Monthly Rental Rates:

  • November 2007:  $1493
  • October 2007:  $1511
  • November 2006:  $1254
  • January 2007:  $1295

Median Monthly Rental Rates:

  • November 2007:  $1200
  • September 2007:  $1295
  • November 2006:  $1195
Absorption Rate is stable and remains a Landlord's Market at 2.8 months of inventory in the Rental Sector for the Las Vegas Valley.

Last Month's Report 

copyright 2006-2011 Renee Burrows, REALTOR®, The Force Realty  702-966-2494

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Comments

You are very informative.  Where do you find the time?  Good Job!

Jim Wire

Posted by Jim Wire (Chase International South Tahoe Realty) over 4 years ago

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