As of March 2021, the Las Vegas real estate market is probably one of the strongest seller's markets we've had in years. Home sales and average prices are setting record highs. At the same time, interest rates are hitting record lows which is fueling the market with buyers. Inventory availability is sitting at less than 6 months, as a result, we're seeing more multiple bid offers than ever.
Here is a summary of the real estate stats for the Las Vegas Market as of March 2021, and see Tips for Buyers in this Strong Seller's Market below.
Single-Family Sales Spotlight- March 2021
Single-Family home sales were up 35.1% from March 2020, and 34.7% from February 2021
Average Price: $454,954 up 22.3%
New Listings: 3,566, down -1.1% from 2020
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