People are saying there is Las Vegas real estate bubble for 2021 and that it could crash the housing market. In the past, a rapid increase in housing prices in Las Vegas and overbuying combined with a high numbers of listings for sale did cause a bubble to crash the real estate market in Las Vegas.
We will look at the number of homes on the market as well as the last years trend of home price increases in Las Vegas to determine if there is a bubble or not.
Todd Miller Broker/Owner Nevada Realty Solutions broker@nvrs.com Lic B.0054513