Now that the summer heat has calmed down and the temperatures are more conducive to shopping for that new home, we're starting to see Las Vegas real estate sales on the rise.
On hand property inventory is hovering just under 3 months, which may indicate some apprehension about listing. This shouldn't be a concern, the market is full of serious buyers just waiting for that perfect home. Interest rates are very favorable, but slightly on the rise, which means if you're considering a new purchase, the timing is now.
We're also seeing more first-time buyers this Fall. Entry level homes or condos in good condition are selling quickly.
Las Vegas Real Estate Stats
Here are the latest stats for Las Vegas real estate in October 2019: