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.
References
More Articles
Is the Las Vegas Real Estate Market Dropping?
Mayra Eggleston1 minute 54, seconds readFind out if house prices are dropping in Las Vegas or if they're still on an upward trend despite a decrease in sales compared to last year.
Will Las Vegas Run Out of Water in the Future?
Mayra Eggleston2 minutes 28, seconds readThe future of water in Las Vegas is uncertain due to two decades of drought depleting Lake Mead and Colorado River. Learn more about this epic story from an expert's perspective.
Will Las Vegas Homes Get Cheaper?
Mayra Eggleston2 minutes 31, seconds readLas Vegas has some advantages that make it an attractive place for real estate investment. Learn more about why investing resources in this market could be beneficial.
Is the Las Vegas Housing Market Still Hot?
Mayra Eggleston2 minutes 44, seconds readDespite rising inflation and mortgage rates, the Las Vegas real estate market remains red hot! Learn more about why this is still an attractive option for residential real estate investors.