Demand is outpacing supply again: home prices have gone up 9% since last March, there is tight inventory throughout the nation and in the Vegas Valley, and the median list price as of March has climbed 11% since the previous year.
Experts say there are key differences today than there were in 2003 to 2005. Comparisons were made to house flipping and speculations, mortgage activity and regulations, the rent versus purchasing ratio from the previous housing bubble that busted to now. To read more from the REALTOR Mag article, click here.
Here are How Many Homes that are Currently on the Las Vegas Market as of Today:
Single-Family Residences: 7,179 (REOs 243; Short Sales 776)
Townhomes: 602 (REOs 32 Short Sales 83)
Condos: 1211 (REOs 52 Short Sales 110)
Posted on May 19, 2015 by Heather Mongie