Is the Las Vegas Real Estate Market Going Down?

Las Vegas is still a seller's market, as 6 months of inventory suggests a balanced market. This means that the Las Vegas real estate market is going through a lull with the guarantee that the price will start to rise. People continue to come to Las Vegas from more expensive areas, particularly Southern California, putting more pressure on housing demand. The total number of homes for sale has fallen slightly from 4,468 that were available last month to 4,537 today.


and other institutions and funds have been devouring homes in southern Nevada, waiting for people to exit the market and be forced to rent, analysts say. Similarly, 85.7% of all condominium and townhome units in Las Vegas were on the market for 30 days or less. The Las Vegas real estate market is one of the cities that showed the most signs of a positive recovery from the pandemic. It depends on how much you want to spend and whether you want smaller investment properties or larger offers, such as duplexes and triplexes in class A neighborhoods. Whether you're thinking of buying or selling, it's a good idea to consult with a licensed Las Vegas real estate agent. A headline in yesterday's Review-Journal said: “Las Vegas house prices cool during a record run.” The US casino capital used to be an affordable alternative to California, but rising prices and a booming market have made it “less attractive to new buyers” according to a report. If you need help selling your home in Las Vegas or the Henderson area, call or text (70) 357-3354 to receive a free home value analysis. Finding the best investment property in Las Vegas in a growing neighborhood would be key to your success.