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New home buyer traffic and sales numbers have been tallied for April 2019 and our convenient 1-page monthly breakdown is now available.

The spring selling season is upon us and, with questions and uncertainty rife in the industry, it is more important than ever to have as much accurate, current information as is possible to aid in important decisions.  Our Las Vegas Monthly New Home Traffic & Sales Summary is a 1-page breakdown of activity for a dozen sub-market areas in and around the Las Vegas valley.  Data is derived from our popular Weekly Traffic & Sales Watch report and displays the following data points for each area:

  • Number of Active Projects
  • Overall Traffic
  • Traffic per Project
  • Gross Sales
  • Cancellations
  • Net Sales
  • Net Sales per Project
  • Cancellation Percentage
  • Conversion Percentage
  • Conversion Ratio
  • Inventory of Released Lots
  • Inventory per Project
  • Months of Inventory

Some interesting data taken from the latest report include: higher than average cancellation rates in a couple of areas that have been "hot" over the past year, solid conversion rates in areas outside the valley, and fairly consistent sales velocities across the major sub-market areas. 

There is no better source available as quick snapshot of the most current data available for the Southern Nevada new home market.  Download the current issue or subscribe today.