The number of homes that sold in September dropped from 6,545 in August to 5,616 (though is up over 400 homes from September 2018) while the number of new listings on the market dropped from 8,623 to 7,660. The average price increased slightly, from $295,029 to $298,565.
Last month’s average price is the highest we’ve seen in over 10 years, which is great news for home sellers. However, even though home prices have reached new highs, mortgage interest rates are still low so it’s still a good time for buyers to make their move.
Whether you are thinking of buying or selling, contact your Las Vegas Home Specialists and let us show you how we can help get the best deal in our active market!