The first half of 2018 was a bit of a head scratcher for Las Vegas real estate. Sales were sluggish at first, then suddenly, no one could keep up. Prices increased considerably, properties started selling in record time, but as with previous months, inventory remained low. Sellers are either cautious, content to wait, or both. I'm not sure why, because this is a seller's market one could only wish for.
Las Vegas Market Stats Up to June 2018
Las Vegas Single Family Homes
Selling almost as soon as they're listed, single-family homes are sitting on the market for an average of 25 days, 28.6% less compared to the same time in 2017.
Although the number of new listings are up, the number of closed sales are down (-11%), probably due to the need…