February Market Trends Continue: Higher Prices & High Demand
Las Vegas real estate sales in February 2022 continues trend of high prices and high demand.
The number of closed sales have held their own in February, trending down slightly (-7.6%) from February 2021. Average sales prices continue to rise (up 19% from 2021) and properties are remaining on the market just an average of 23 days. New inventory continues to be a challenge with new listings down -5.3% since last year, but just -1.7% year-to-date. The demand for new inventory continues to be strong - it's a seller's market out there.
Las Vegas Single-Family Home Sales: February 2022
February 2022 Single-family home sales in the Las Vegas area are down just -9.6% from
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