We’re seeing some interesting market trends here in our Valley. We still only have a 3 month inventory of houses for sale – which means it should take 3 months for a house to sell. Buyers are taking their time, though, so sales are down a little from previous months. Buyers are price conscious and […]
The Las Vegas area real estate market showed signs of heating up along with summer temperatures in May. Summer is traditionally the most active time in real estate, in large part as families plan moves during summer vacations when school is out. The number of homes that sold in May increased from 5,945 in April […]
Home sales rallied in March for the Las Vegas area real estate market, with the number of sales increasing from 4,667 in February to 5,814 in March. The average sale price regained much of the ground it lost during the 2018 holiday season when the high was $290,973 in August 2018. March data shows an […]
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 […]
Las Vegas area residential real estate ended on a slow note in January in a continuation of the holiday slowdown (which is pretty par for the proverbial course.) The average sale price was $281,604 which is down about $1700 from December but a healthy jump from the $255,532 of January 2018. Similarly, the number of […]
The 2018 Las Vegas real estate market ended on a positive note for sellers. The average sale price of $284,379 held pretty stable through the traditionally quiet holiday season. Compared to previous years, 2018 has demonstrated that our real estate market has reached stability, but definitely favors sellers. The number of sales per year has […]
The Las Vegas area real estate saw a bit of an uptick in the number of homes sold this August. The number of homes sold rose slightly from 6,505 in July to 6,645 in August. However, the average price increased rather dramatically from $279,048 to $291,012, which is a new high point in our recovered […]
The Las Vegas area real estate market experienced a bit of cooling in July. We expect the market to start slowing a bit as we approach late summer, so this year is no different. The number of homes sold dropped slightly from 6,626 in June to 6,505 in July, while the average price slid slightly […]
Some interesting statistics provided by Charity Bond of On Q Financial. Although last week’s jobs numbers were lower than expected, employment remains strong. Unemployment claims this week unexpectedly fell to 213,000. The strong labor market and robust economy are pushing up inflation, which could pressure rates higher. Import duties are also boosting price pressures. Inflation […]
June’s Las Vegas area real estate ended on a high note. The average price reached a high of $282,912. The number of homes that sold edged upward slightly from May. The number of new listings has crept upwards as well, to about the same level we saw June 2017. Inventory is still tight though, making […]
