Wondering why Las Vegas home prices are going up?
Posted by Jasmine Bega on Wednesday, June 16, 2021 at 10:57 AM By Jasmine Bega / June 16, 2021 Comment
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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