The short answer is “yes.” Overall, home prices are still up 2% over the same time last year. They are expected to go back to pre-pandemic levels which are still historically high. There is Buyer demand – especially for highly desirable homes and in all price ranges.
November Market Report
Local home prices are starting to look more like they did a year ago. But we’re certainly in a different place than we were last year, when prices were soaring and setting records. Of course, as we said at the time, those conditions were unsustainable. Las Vegas Realtors reported that the median price of existing single-family homes sold in Southern Nevada during November was $430,990. That’s down 2% from October, and down from the all-time record price of $482,000 in May. But, the median home price is still up 2.6% from $420,000 one year ago. The November 2022 Report
About Stacy Sheeley Homes
Over the past 20 years, we have sold dozens of Luxury Homes in Summerlin and most have had record-breaking sale prices. This is due to our unique marketing approach. Find out more.
Call, text or fill out the form to discuss more about selling your home and what the current market value is.