2022 Year in Review – Las Vegas Housing Market Update
Year-End Summary We ended 2022 at the same median sales price of $425,000 that we ended with in December of 2021. Besides entering what is usually the slowest time of year for the housing market, rising mortgage interest rates have caused a contraction of sales. At the same time, we know that the housing market is cyclical and that the bottom is not falling out. This would be indicative of the median sale price being close to what it was at pre-pandemic levels. With prices leveling off and more homes available for sale, we’re seeing a more balanced market that makes
January 25, 2023
