The Las Vegas area real estate market has been unbelievable this summer. July sales were through the roof; 6,592 homes sold, a number we haven’t seen since August 2018. And although August total sales were down, the average sale price of $324,950 is a new high in our post-recession market. What is going on? We […]
If you’re thinking about listing your home, you’ve probably heard that we’re in a seller’s market right now. As inventory dwindles and buyer interest intensifies, it’s not uncommon to see properties sell just hours after they’re listed, sometimes even tens of thousands above their original asking price. This may seem like an ideal scenario, but […]
Las Vegas Realtors’ President Tom Blanchard discusses how exciting the Las Vegas area real estate market is. Homes are flying off the market as buyers snap up a limited inventory.
The Las Vegas area real estate market has been under the influence of COVID-19 containment measure for well over a month now. We have been publishing updates on the number of listings, pending sales and closed sales for the previous seven days, three times a week. The numbers have been remarkably stable. In the $350,000 […]
We’ve been asked a lot of questions about how the COVID-19 crisis will affect people’s home values and their ability to buy and sell real estate. In order to help our friends and clients, we are going to make ourselves available through the month of April to answer your questions about your current home and your […]
January was a quiet month for Las Vegas area real estate. The number of homes that sold decreased slightly from 5,308 in December to 5,142 in January. The average sale price also decreased slightly over the same time period, from $314,354 to $293,569. When we look at the sales data over the last several years, […]
Fireworks on New Year’s Eve weren’t the only bang heard through the Las Vegas area. December ended the year with a market high average sale price of $315,358. 2019 was a good year for sellers. We’ve seen a level of stability between supply and demand that have kept the market growing, but not at an […]
The number of homes that sold in October rose from 5,620 in September to 5,980 while the number of new listings on the market increased from 7,662 to 7,884 . The average price decreased slightly, from $298,691 to $296,726. Overall, the market is chugging along nicely in a normal seasonal manner. Generally speaking, we wouldn’t […]
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 […]
