Las Vegas Real Estate Market News: Listing Inventory Plummets 15% in 30 days

An update to the las vegas real estate market as the number of homes for sale fell roughly 15%. The number of houses for sale fell from 5,700 to about 5,000 in Las Vegas which is a change to the rapid increase of homes that are on the market. This decline in homes for sale happens every year, but it was predicted that Las Vegas would have increasing homes available for purchase and that doesn’t look like its going to happen.

Home prices are still down in Las Vegas signifying there are some good deals to buy a home cheaper than would have been bought just a few months ago. High interest rates put a damper on the number of buyers, but there is still a good opportunity to purchase a home for at least a few months before the market picks up and get more competitive.

Todd and Oana are Las Vegas real estate agents and you can contact us at our info below if you are interested is selling your house.

Todd Miller
Owner/Broker Nevada Realty Solutions
5510 S Ft Apache Las Vegas, NV 89148

Oana Miller

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