Las Vegas - Your 20 Second Market Update

Las Vegas - Your 20 Second Market Update

Real Estate Agent 路 Las Vegas 路 Member since 2018 路 199 posts 路 143 votes

馃彙 The Vegas real estate market has been slower. Median residential home prices slipped from about $489K in August to $475K in September, and homes are sitting a bit longer鈥攁round 29 days on average. Rents have also cooled off lately, which lines up with what I鈥檝e been seeing out there.

Feels like the market鈥檚 resetting as we head into the holidays鈥攎ore inventory, slower activity, and buyers finally getting some more closing concessions.

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  • Chris SeveneyBusiness Member
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    Investor 路 VA 路 Member since 2015 路 21k+ posts 路 19k+ votes
    1y
    Quote from @Josh Edelman:

    馃彙 The Vegas real estate market has been slower. Median residential home prices slipped from about $489K in August to $475K in September, and homes are sitting a bit longer鈥攁round 29 days on average. Rents have also cooled off lately, which lines up with what I鈥檝e been seeing out there.

    Feels like the market鈥檚 resetting as we head into the holidays鈥攎ore inventory, slower activity, and buyers finally getting some more closing concessions.


     from what I hear it is also going to continue in that direction as tourism is also down.

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