Las Vegas Market

My Favorite 2022 Real Estate Highlights

It wasn’t a great record breaking sales year for many Las Vegas realtors. Inventory is up 463% from last year with 4.8 months of availability per LVR data from November 2022. Home prices have been declining about 2% monthly for the last couple months as interest rates have risen to fight inflation. I personally had a great year for getting good reviews but I did not break any sales records. The...

How Do We Know If We Are In A Buyers Market, Sellers Market or a Balanced Market?

In a balanced real estate market demand matches the supply of for-sale homes in the marketplace and is usually between 3-6 months of inventory, a buyers market is usually more than 6 months of inventory and a sellers market is less than 3 months of inventory. Since 2020 we've had an average of a .5 inventory, so we've been in a historically high sellers market, but the market is cyclical, so for Las Vegas...

Home Price Deceleration Doesn’t Mean Home Price Depreciation

To fight inflation the FED has raised the interest rate again. The hot sellers market could cool down which will decrease competition for buyers and impact rising home prices. Experts in the real estate industry use a number of terms when they talk about what’s happening with home prices. To help clarify what’s happening with home prices and where experts say they’re going, here’s a...

Our top 2021 Las Vegas Real Estate Success Stories

3 examples of Wins and 1 example of a Loss in the Las Vegas Real Estate Market. Over the year there are certain transactions that are the highlight of the year. It’s been a tough market for buyers lately but I think there are always perspectives that will be favorable to anyone. One of the reasons I became a realtor is to make sure I’m helping as much family and friends with their financial success...

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