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Stacy Sheeley

Las Vegas Housing Prices Remain Stable but Inventory Low

Las Vegas housing prices held steady in January at a median of $345,000, which broke the record in November and remained unchanged in December.  But, according to The Las Vegas Realtor Association, inventory remains extremely low around the valley. I believe this is in part due to Appraisers being conservative in their valuations.  A healthy market is six months of inventory (days on market before an offer is accepted) as of today, we are around 3 weeks.  The current lack of inventory makes it difficult for both realtors and home buyers. Every time you go try to show a listing

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