Las Vegas Real Estate Market Update: July 2021
Topics covered in this update include statistics for both condos and single family homes for Las Vegas as well as median home prices and time on the market divided into quartiles of the housing market. The Las Vegas real estate market is also being boosted by low inventory and high demand from both hedge funds as well as 1st time home buyers.
Despite other Youtube influencers predicting an imminent crash to the real estate market in Las Vegas it has not happened and we do not believe it will happen this year. It is also possible the real estate market will have a soft landing and this is an adjustment due to high demand. The real estate market in Las Vegas has been very strong and 2021 has been the best year for real estate values and building wealth in real estate.
If you have questions about the Las Vegas real estate market please contact us.
Oana Sterlacci-Miller
702-285-4207
oana@nvrs.com
Todd Miller
702-218-2819
todd@nvrs.com