Las Vegas Real Estate is ON FIRE: May 2023 Housing Update for Las Vegas

An update to the real estate market for May 2023. Las Vegas home prices have gone up in value 3 months in a row. The inventory level of homes in Las Vegas has dropped 40% in the last 4 months and median list prices are up $65,000. All this despite mortgage interest rates in the 6% range.

Housing in Las Vegas is up 40% since 2019 and looks like its not going to crash or decline in any meaningful way. There are fewer homes for sale right now and the housing market is doing well despite predictions that home prices would be down 40-50%. Currently indexed home prices in Las Vegas are down less than 4% from the same month last year and rising again even faster than last year.

If you are thinking of buying or selling in Las Vegas please reach out to Todd or Oana. Todd and Oana are real estate agents in Las Vegas.

Todd Miller

Oana Miller

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