Las Vegas Market Watch

2017 LAS VEGAS VALLEY HOME MARKET & ACROSS THE USA MARKET VIDEO

By The Cheng Team At 1st Priority Realty
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 Las Vegas Continues To Improve With Affordable Homes.  

JULY 30 2017 MARKET UPDATE

 

Here is a list of facts about the Las Vegas Valley Home Market.

  • Resale home values have increased 9.6% over the last year.
  • The median resale single family home price is $241,000 mixed with condos and townhomes it lowers to $226,000. 
  • New home values have increased to $340,072 or 3.7% over last year.
  • 832 new home sales closed in June which is a 22.4% increase over last year. 
  • Builders pulled 1,035 new home permits in June.  This is the largest amount since 2008. 

View All Available Las Vegas Homes » 

 

The Las Vegas Market Has Low Inventory Due To Many Factors.

  • The homeowners are staying in their homes for 9 to 10 years versus in the past they moved every 6 to 7 years.
  • There are 1 million new homes on the market across the USA.  In the past there were 2 million new homes available for buyers.
  • The pent up buyer demand continues as the interest rates remain low.  Homes sell quickly if priced right.
  • More people are moving to Las Vegas.  The job market is good. Homes are affordable.  

  Across The USA Home Market Video Report.

By The Cheng Team At 1st Priority Realty