Wondering why Las Vegas home prices are going up?

Wondering_why_Las_Vegas home_prices_are_going_up_seevegashomes

Las Vegas median price has reached a new record of $385,000. Wondering why home prices are going up? It’s as simple as supply and demand. High buyer demand paired with low housing inventory means natural price ​appreciation.

Here in Las Vegas, we currently have less than a one-month supply of available homes for sale. A balanced market is traditionally a six-month supply of available homes for sale.

If you have questions about today’s market trends and what they could mean for you, message us for answers.

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