Las Vegas home inventory update:
The most recent information on the Las Vegas Housing market indicates that 88% of homes listed this year sold vs. mid 60% the previous 3 years and only 41% in 2008. Condo’s and Townhome came in even higher at a whopping 89%. There is definitely some serious demand for Las Vegas, Summerlin, Henderson, Green Valley, and North Las Vegas properties. This is why buyers are complaining about a lack of inventory here in the city as strong buyer demand continues to consume all the inventory,
Yes, Las Vegas prices are definitely increasing also!
I will be offering a follow up post on pricing.