how is real estate market las vegas Archives

Las Vegas Market Report – September 2023

Median Home Price $450,000 -3.2% from July 2022 Homes Sold 2,041 -1.2% from July 2022 Homes Without Offers 3,524 -51.9% from July 2022 Homes Sold Within 30 Days 68.7% -14.9% from July 2022 A report released by Las Vegas REALTORS® (LVR) shows local home prices bouncing around, higher than the previous month, but lower than last year. These statistics reflect a persistently tight housing supply, along with recently rising mortgage interest rates. Even with mortgage interest rates being higher than they were a year or two ago and leading to fewer homes being sold, the local housing market seems pretty

September 3, 2023

Las Vegas Market Report – May 2023

In May, local home prices increased from the previous month, though they are still well below their all time peak set one year earlier. Prices have now increased for a couple of months in a row heading into what is usually our strongest selling season. It seems safe to say that we’re bouncing back from the bottom of this recent downturn. Buyers seem to have more confidence regarding where interest rates are sitting which is great news for anyone looking to sell their home. Median Home Price $442,120 -8.3% from May 2022 Homes Sold 2,316 -20.3% from May 2022

June 24, 2023

The Summerlin Lifestyle

Discover the Benefits of Living in Summerlin As a real estate agent and resident of Summerlin since 2002, I have seen the tremendous growth. This vibrant community is the most sought-after neighborhood in the Las Vegas Valley. Here are some of the benefits of living in Summerlin. Prime Location Summerlin, a master-planned community located in the western part of Las Vegas. It is conveniently located near the 215 Beltway, making it easy to access other parts of the valley. Plus, it’s just a short drive from the famous Las Vegas Strip. Vibrant Lifestyle Summerlin offers a unique lifestyle that combines

May 21, 2023

What happened in the Las Vegas real estate market in February 2023?

The local Las Vegas housing market is much more balanced now than it has been in recent years. Instead of sellers having full advantage, buyers are now in a better position, since prices have stabilized and we have more homes on the market. We’ve seen two straight months of stable home prices. It was encouraging to see sales increase from January to February, while new listings continue to decline. Even with mortgage interest rates reaching 7% recently, this shows a strong underlying interest in owning a home here in Las Vegas. Median Home Price $424,995 -5.6% from February 2022 Homes Sold

March 25, 2023

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