Las Vegas Real Estate Market Update 1-17-2021: DECLINING INVENTORY
Today’s update we track 3 major indicators: Median Home Prices, Days on the Market and Number of Listings on the market. Historically these are very low numbers for both # of listings and days on market, and home prices are the highest they have been, not adjusted for inflation. Adjusted for inflation we’d have to go over $400k for a single family home for them to exceed 2006 before the Las Vegas real estate market crashed.