Hello Las Vegas - We've Got the Buyers - Where are All the Sellers!

Key stats from the Las Vegas February real estate market update indicate that the buyers are out there, but we need sellers.

Las Vegas Single-Family Home Sales

Here are some highlights from sales of Las Vegas single-family homes in February 2017:

With favorable selling stats like these, why aren't people listing their homes! We have 5% fewer new listings and an inventory of only 2.2 months. 

Las Vegas Condo Sales

Perhaps it's only single family homes that are seeing this problem. Let's look at Las Vegas condo sales in February:

Available Inventory of Las Vegas condos, only 1.4 months!

The Las Vegas market hasn't been this hot in months. Homes have almost been selling themselves. I recently sold a home in Summerlin that was on the market for 3 days, and another in Sun City that had been on the market for one month. Prices ranged from $310,000 to well over $1 million. Buyers in all price ranges are lining up.

If you've been considering putting your home up for sale, the timing couldn't be better. I'd be happy to give you an up to date house appraisal based on today's market.

Here is a complete report of the Las Vegas real estate market for February, 2017 as provided by GLVAR (The Greater Las Vegas Association of Realtors).