With over 17 years navigating the Las Vegas real estate market, I’ve witnessed its ebbs and flows firsthand. This September, we saw rising mortgage rates contribute to a 7.4% decrease in home sales and a 12.6% drop in condo sales across our city. The median home price now stands at $470,000, while condos are at $290,000. Inventory has grown to a five-month supply, and most properties are moving within about 60 days. For buyers and sellers alike, understanding these shifts is key to making informed decisions—especially in a market as dynamic as Las Vegas.
Continue to full article
Leave a Reply