March 2022

There are 2 blog entries for March 2022.

 

Quick Home Sales by Las Vegas Homes by Leslie

The quick home sales we're seeing in the Las Vegas market continue to set records. In the last three months, we've seen Average Las Vegas Home Prices soar by 17.9%, yet listings are only remaining on the market an average of 25 days. So, the buyers are there, waiting with open wallets, even as home prices continue to rise. Interest rates remain favorable and we're seeing more and more buyers from out of state. Closed Sales, however are down almost 2%, mainly due to a shortage of inventory. Currently real estate for sale in Las Vegas is sitting at about one month supply.

I'm happy to congratulate these new buyers and sellers who recently took the plunge, and are happily settling into their new homes.

Sold in 4 Days!
Home in Sierra Crossings,

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Las Vegas Feb 2022 real estate market report

February Market Trends Continue: Higher Prices & High Demand

Las Vegas market summary for February 2022 

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.

February 2022 Las Vegas stats summary

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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