Top Mega Teams in Nevada – Ranked by Volume

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    • Rank – State VolumeTeam NameCompanyLocationVolumeProfile
    1The Craig Tann Grouphuntington & ellis, A Real Estate AgencyLas Vegas, NV$280,115,320View Profile
    2Nevada Real Estate GroupLPT RealtyReno, NV$234,660,174View Profile
    3Joe Taylor GroupReal Broker, LLCLas Vegas, NV$170,551,335View Profile
    4The Mullin Blankfeld GroupBerkshire Hathaway HomeServices Nevada PropertiesHenderson, NV$161,404,625View Profile
    5The Caldwell GroupRealty ONE GroupLas Vegas, NV$136,447,178View Profile
    6Scofield GroupLPT RealtyLas Vegas, NV$135,948,594View Profile
    7The Tonnesen TeamBerkshire Hathaway HomeServices Nevada PropertiesHenderson, NV$79,064,000View Profile

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    2023 Nevada Housing Market Summary

    Nevada started 2023 with a total of 8,019 single-family homes on the market, with a median home price of $489,000 and an average price per square foot of $293. By the end of the year, inventory had decreased to 5,361 homes on the market (-33%), with a median home price of $535,000 (+9%) and an average price per square foot of $327 (+11%).

    At the start of 2023, the median days on market (DOM) was 91 days – by the end of the year, median DOM had decreased to 77 days.

    Nevada started the year with 43% of homes taking a price cut (for reference, 35% is the national average for price reductions in a ‘normal’ year.) By the end of the year, about 33% of Nevada homes for sale had taken a price cut.

    Finally, Altos’ proprietary Market Action Index (MAI) shows that Nevada started 2023 as a seller’s market, with an MAI score of 39; by the end of the year, the MAI had rose to 40 – a slight seller’s advantage.

    This market summary is powered by Altos Research – click here to run a free report for your area.

    Housing Market News

    AdobeStock_250556333

    Lower mortgage rates attracting more homebuyers 

    Sep 16, 2024By

    An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

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