🏡 Dive into the latest trends in the Las Vegas real estate market and discover what they mean for y

🏡 Dive into the latest trends in the Las Vegas real estate market and discover what they mean for you:

* **Stable Sale Prices:** The median sale price is $440,000, showing a slight decrease of 2% MoM but an increase of 1.85% YoY. This stability offers a balanced market for both buyers and sellers, with opportunities for negotiation and investment. 📉📈

* **List Price Dynamics:** The median list price is $455,000, with a slight MoM decrease of 1.09% but a notable YoY increase of 4.49%. Sellers can capitalize on this upward trend, while buyers should act quickly to secure favorable deals. 💼

* **Price Per Square Foot:** At $260.07, the median price per square foot has decreased slightly MoM but increased by 3.69% YoY, indicating a growing value in Las Vegas properties. This is a key indicator for buyers seeking long-term investment potential. 📐💰

* **Active Market:** With 751 homes sold, a 17.53% MoM increase, and 989 pending sales, the market is bustling. Sellers can expect high demand, while buyers should be prepared for competition. 🏠🔥

* **Inventory and Supply:** The inventory stands at 2,387, with a 36.87% YoY increase, providing more options for buyers. However, the months of supply have decreased to 3.2, indicating a seller's market. 📊

* **Quick Turnaround:** Homes are spending 61 days on the market, up by 10 days YoY. This suggests a slightly longer decision-making period for buyers, but sellers can still expect timely transactions. ⏳

Whether you're buying or selling, understanding these trends can help you make informed decisions in the Las Vegas real estate market.

[Data Source: Redfin]

#LasVegasRealEstate #HomeBuying #HomeSelling #RealEstateTrends #GuyNitzRealty #YourGoToGuy

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