How is the Vegas market right now?

Question

My in-laws are getting ready to sell their house in Vegas, and I'm wondering what kind of market they'll encounter right now. I'm in Colorado, and everything sells in a heartbeat.

How's Vegas doing?

Account Closed · Answer

Slow growth bloated inventory,no appreciation,but since your the Community Manager on BP I will give you an instant cash offer ----------Just kidding

The market is super hot there is very low inventory ,homes priced $300 and under fly off the shelf Condos and townhomes are especially are on fire Your in laws timing is great .

Aaron Hunt · Answer

Vegas is currently being flooded with “stupid moneys” or as Randy Moss would put it “straight cash homey”.

Pure seller’s market.

Matt K. · Answer

I'm sure @Terry Lao has some info for you lol

Omar Merced · Answer

Mindy! Why didn't you call me. You know I would take care of you. Market is on fire with no signs of slowing down. Obviously depending on price point and condition of home but it is a sellers market. I'll be in Colorado in February for the Best Ever Conference. Hope we can catch up!

Terry Lao · Answer

@Mindy Jensen

Below top 100 Cities 2018 Forecast by Realtor.com says it all.

Terry

Top 100 Largest U.S. Metros Ranked by Forecasted 2018 Sales and Price Growth

Rank

Metro

2018 Sales Growth

2018 Price Growth

1

Las Vegas-Henderson-Paradise, Nev.

4.90

6.90

2

Dallas-Fort Worth-Arlington, Texas

6.02

5.57

3

Deltona-Daytona Beach-Ormond Beach, Fla.

5.47

6.00

4

Stockton-Lodi, Calif.

4.55

6.43

5

Lakeland-Winter Haven, Fla.

3.00

7.00

6

Salt Lake City, Utah

4.62

4.50

7

Charlotte-Concord-Gastonia, N.C.-S.C.

5.98

3.02

8

Colorado Springs, Colo

3.12

5.65

9

Nashville-Davidson–Murfreesboro–Franklin, Tenn.

1.00

7.67

10

Tulsa, Okla.

7.54

1.02

11

Seattle-Tacoma-Bellevue, Wash.

2.34

6.21

12

Spokane-Spokane Valley, Wash.

3.50

4.97

13

Austin-Round Rock, Texas

4.04

4.42

14

Miami-Fort Lauderdale-West Palm Beach, Fla.

3.10

5.28

15

Little Rock-North Little Rock-Conway, Ark.

7.00

1.37

16

Denver-Aurora-Lakewood, Colo.

1.75

6.54

17

Orlando-Kissimmee-Sanford, Fla.

1.24

6.88

18

Toledo, Ohio

5.16

2.95

19

Columbia, S.C.

5.07

3.00

20

Palm Bay-Melbourne-Titusville, Fla.

1.00

7.00

21

Jacksonville, Fla.

4.73

3.20

22

Durham-Chapel Hill, N.C.

5.18

2.62

23

Providence-Warwick, R.I.-Mass.

3.72

3.97

24

Akron, Ohio

5.89

1.70

25

North Port-Sarasota-Bradenton, Fla.

3.00

4.50

26

Chattanooga, Tenn.-Ga.

3.50

4.00

27

Worcester, Mass.-Conn.

3.77

3.68

28

Raleigh, N.C.

1.63

5.77

29

Tampa-St. Petersburg-Clearwater, Fla.

1.38

6.00

30

Grand Rapids-Wyoming, Mich.

2.96

4.25

31

Boise City, Idaho

2.00

5.00

32

San Jose-Sunnyvale-Santa Clara, Calif.

2.50

4.37

33

Greenville-Anderson-Mauldin, S.C.

2.80

4.00

34

Madison, Wis.

1.72

5.05

35

Albuquerque, N.M.

2.92

3.71

36

Houston-The Woodlands-Sugar Land, Texas

2.24

4.19

37

Winston-Salem, N.C.

3.00

3.21

38

Riverside-San Bernardino-Ontario, Calif.

0.52

5.66

39

Buffalo-Cheektowaga-Niagara Falls, N.Y.

1.27

4.89

40

Fresno, Calif.

1.29

4.81

41

San Francisco-Oakland-Hayward, Calif.

0.94

5.14

42

Detroit-Warren-Dearborn, Mich.

1.17

4.77

43

Phoenix-Mesa-Scottsdale, Ariz.

3.66

2.26

44

Oxnard-Thousand Oaks-Ventura, Calif.

2.29

3.62

45

Augusta-Richmond County, Ga.-S.C.

2.50

3.34

46

Tucson, Ariz.

3.00

2.71

47

San Diego-Carlsbad, Calif.

2.51

3.19

48

Youngstown-Warren-Boardman, Ohio-Pa.

3.01

2.50

49

Harrisburg-Carlisle, Pa.

2.50

3.00

50

Cleveland-Elyria, Ohio

3.00

2.48

51

Birmingham-Hoover, Ala.

3.00

2.42

52

McAllen-Edinburg-Mission, Texas

2.38

3.00

53

Charleston-North Charleston, S.C.

3.64

1.69

54

New York-Newark-Jersey City, N.Y.-N.J.-Pa.

1.16

4.15

55

Jackson, Miss.

0.00

5.30

56

Virginia Beach-Norfolk-Newport News, Va.-N.C.

1.40

3.82

57

Boston-Cambridge-Newton, Mass.-N.H.

2.55

2.64

58

Pittsburgh, Pa.

3.53

1.62

59

Oklahoma City, Okla.

1.49

3.51

60

Portland-South Portland, Maine

5.00

0.00

61

Cape Coral-Fort Myers, Fla

1.00

3.99

62

El Paso, Texas

2.69

2.24

63

Minneapolis-St. Paul-Bloomington, Minn.-Wis.

0.00

4.93

64

Knoxville, Tenn.

2.00

2.92

65

Allentown-Bethlehem-Easton, Pa.-N.J.

4.12

0.57

66

Bakersfield, Calif.

1.00

3.61

67

Urban Honolulu, Hawaii

1.43

3.11

68

Des Moines-West Des Moines, Iowa

3.20

1.19

69

Greensboro-High Point, N.C.

1.34

2.97

70

Springfield, Mass.

1.24

3.00

71

New Orleans-Metairie, La.

2.00

2.24

72

Cincinnati, Ohio-Ky.-Ind.

1.47

2.32

73

Wichita, Ks.

2.23

1.49

74

Richmond, Va.

2.68

1.02

75

Columbus, Ohio

0.05

3.58

76

Sacramento–Roseville–Arden-Arcade, Calif.

1.00

2.61

77

Rochester, N.Y.

1.56

2.02

78

Hartford-West Hartford-East Hartford, Conn.

4.46

-1.05

79

Albany-Schenectady-Troy, N.Y.

0.75

2.55

80

Dayton, Ohio

3.01

0.19

81

Memphis, Tenn.-Miss.-Ark.

1.37

1.82

82

Scranton–Wilkes-Barre–Hazleton, Pa.

1.18

1.81

83

Philadelphia-Camden-Wilmington, Pa.-N.J.-Del.-Md.

3.78

-1.04

84

Chicago-Naperville-Elgin, Ill.-Ind.-Wis.

0.00

2.57

85

Syracuse, N.Y.

0.00

2.57

86

Milwaukee-Waukesha-West Allis, Wis.

0.00

2.48

87

Baltimore-Columbia-Towson, Md.

0.48

1.82

88

New Haven-Milford, Conn.

2.96

-0.67

89

Washington-Arlington-Alexandria, D.C.-Va.-Md-W.V.

0.00

2.25

90

Omaha-Council Bluffs, Neb.-Iowa

0.00

2.18

91

Louisville/Jefferson County, Ky.-Ind.

-2.74

4.92

92

San Antonio-New Braunfels, Texas

0.37

1.52

93

Portland-Vancouver-Hillsboro, Ore.-Wash.

-3.48

4.98

94

Baton Rouge, La.

0.00

1.50

95

Atlanta-Sandy Springs-Roswell, Ga.

-1.88

2.99

96

Los Angeles-Long Beach-Anaheim, Calif.

-2.10

3.09

97

Indianapolis-Carmel-Anderson, Ind.

3.49

-2.53

98

Kansas City, Mo-Kan.

0.00

-0.12

99

St. Louis, Mo.-Ill.

0.00

-2.83

100

Bridgeport-Stamford-Norwalk, Conn.

-0.35

-2.87

Realtor.com’s model-based forecast uses data on the housing market and overall economy to estimate values for these variables for the year ahead. The forecast result is a projection for annual total sales increase (total 2018 existing-home sales vs. 2017) and annual median price increase (2018 median existing-home sales price vs. 2017).

Phillip Dwyer · Answer

@Mindy Jensen  As the others have mentioned, the market is definitely in the sellers favor in the upper middle to low price points.  I don't see that slowing down over the next 6 months even with the tax reform looming over us.

How is the Vegas market right now?

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