Author Topic: Las Vegas Real Estate Inventory  (Read 509 times)

alex753

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Las Vegas Real Estate Inventory
« on: January 18, 2019, 04:11:58 AM »
Inventory is climbing substantially in Vegas. Is anyone seeing prices soften yet?

https://www.calculatedriskblog.com/2019/01/housing-inventory-tracking.html

Mrs.MLM

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Re: Las Vegas Real Estate Inventory
« Reply #1 on: January 23, 2019, 12:21:22 PM »
Small anecdote: The houses in my neighborhood normally sell immediately and now they are sitting. The most recent sale was on the market for almost three months and sold 30k below asking price.

waltworks

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Re: Las Vegas Real Estate Inventory
« Reply #2 on: January 23, 2019, 03:31:20 PM »
Inventory is climbing everywhere, basically, and has been since late summer.

Prices are sticky in RE, though. It will take a year or two of inventory increases (in many markets we're still under 6 months supply) for prices to actually drop at all.

So, it's a horrible time to sell. But it's not a great time to buy yet, either. If you have the option, give it a couple of years.

-W