Has anyone noticed, the housing market in Las Vegas is a bit crazy right now. Homes are selling at a ridiculous rate. We’re seeing multiple bidding like we haven’t seen in years. Inventory is extremely low, so there may be limited choice, especially in the lower price ranges.
On top of that, interest rates are at an all time low, which means owning Las Vegas real estate may be more accessible. As a result, many who have been sitting on the fence and merely dreaming of that new home or condo, are now taking the plunge.
Competition is also fierce. In addition to more first-time buyers, we’re seeing more out-of-state buyers than I can remember.
Las Vegas Homes under $300k are not remaining on the market for any substantial length of time, and…