Weekly LV New Home Sales Update

After the worst statistical week of 2018, the new home segment of the Las Vegas housing market rebounded for the week ending July 29th.

The nineteen homebuilders tracked in the Weekly Traffic & Sales Watch reported just under 190 net sales for the week and nearly 4,300 perspective buyers visiting sales offices.  These figures remain slightly lower than average for 2018 but should still be considered a "good" week given the sub-par numbers reported for w/e July 22nd as well has the blistering heat.  

This is our final reporting week for July and early totals show it to be the lowest total of net sales for any month thus far in 2018.  

Homebuilders reported the fewest net sales of the year in July

Looking at average sales per project, American West Homes, Century Communities, Harmony Homes, Shea Homes, and Woodside Homes reported strong numbers and the overall cancellation percentage dropped back down to under 17 percent.  There were no newly opened subdivisions reporting this week.

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