Las Vegas Real Estate Update December 2022

An update to the Las Vegas real estate housing market for December 2022. The news is that while prices are still declining in Las Vegas, the inventory is also declining, which means that we could be back to bidding wars in the spring. Home price outlook for 2023 is that home prices will likely be flat for the year as inflation and higher interest rates cancel each other out in the housing market.

Looking forward to 2023 the Federal Reserve looks to be more hawkish as they are seeing key core inflation numbers decrease as interest rates have more than doubled negatively affecting housing. Las Vegas has been among one of the hottest real estate markets in the US as median home prices are over $450,000. Home prices are up 30-40% in most of Las Vegas just over the last few years.

Todd and Oana are Las Vegas real estate agents and have sold over 3,000 listings in the last 20 years. If you are looking for an agent to help you sell your house in Las Vegas please contact us.

Todd Miller

Oana Miller

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