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February 2019 Las Vegas Area Market Update

The Las Vegas area real estate market showed signs of warming after the holiday doldrums. The number of homes that sold increased from 4,448 in January to 4,667 in February, while the average sale price increased from $281,599 to $284,502 during the same time frame.

Las Vegas still offers a great real estate market, but the days of “slam dunk” selling are past. It takes more these days to sell a home than to hammer a “for sale” sign in the yard and wait for buyers to flock in and start spirited bidding wars. The supply of homes on the market when compared to the number that sell has edged upward slightly, likely due at least in part by the fact that more sellers are putting their homes on the market in order to take advantage of the healthy pricing we’ve been seeing.

If you are thinking about selling your home in this competitive market, give us a call and let us show you how we can help!

Information is deemed reliable but not guaranteed.

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