Las Vegas - Your 20 Second Market Update

[Josh Edelman]

📢 Vegas Market Update – What You Need to Know! 🏡📊
(Based on past 3 months of market data of single family homes, median prices)

🔹 Did the value of my home go up or down? 💰
February: $493,000
March: $488,950
April: $495,000

🔹 How long would it take to sell my home? ⏳
February: 25 days
March: 23 days
April: 20 days

🔹 What are interest rates looking like (as of today)? 💸
30-Year Conventional: 6.92%
30-Year VA Loan: 6.26%

While these past few months show data that indicates a growing market, the last few weeks we have seen lots of inventory sitting! What does this mean? Buyers have an advantage in placing offers on homes, negotiating closing costs, interest rate buy downs, etc. Comment below if you have questions! Have a great week!