Las Vegas Continues To Improve With Affordable Homes
Here is a list of facts about the Las Vegas Valley Home Market.
- Resale home values have increased 9.6% over the last year.
- The median resale single family home price is $241,000 mixed with condos and townhomes, it lowers to $226,000.
- New home values have increased to $340,072 or 3.7% over last year.
- 832 new home sales closed in June which is a 22.4% increase over last year.
- Builders pulled 1,035 new home permits in June. This is the largest amount since 2008.
View All Available Las Vegas Homes
The Las Vegas Market Has Low Inventory Due To Many Factors.
- The homeowners are staying in their homes for 9 to 10 years versus in the past they moved every 6 to 7 years.
- There are 1 million new homes on the market across the USA. In the past there were 2 million new homes available for buyers.
- The pent up buyer demand continues as the interest rates remain low. Homes sell quickly if priced right.
- More people are moving to Las Vegas. The job market is good. Homes are affordable.
