February 2018 Las Vegas Market Update

Las Vegas area real estate has come a long, long way since the dark days of the recession. Remember the days when you could pick up a house for the price of a decent used car? Back when the market was flooded with homes but few buyers?

Well, those days are LONG gone. When we look at February’s sales figures, we see that Las Vegas has become a hot market with sellers in control. Taken by itself, the fairly steady decrease of homes being sold since a high point in the summer of last year might cause concern, but when we look at a corresponding increase in sale price, we get a firm picture that there are fewer homes being offered and this decrease is not satisfying the demand. When supply is low and demand is high, we see prices increase and that is what we are seeing now.

It’s a great time to be a seller in the Las Vegas area. If you are interested in taking advantage of our seller’s market, call, text or email us and let us show you how your Las Vegas Home Specialist Team can help!