With the buying season about to get underway and spring around the corner, Las Vegas house hunters may have to spend more time scrolling through listings and visiting properties
Housing inventory is low and buyers are faced with paying more than they hoped in this Seller’s market.
Southern Nevada’s inventory of available homes has been sliding for months amid a nationwide drop. Sales totals are still climbing, and availability has reached its lowest point since summer 2013 with multiple offers being made on well priced homes.
While a shrinking supply of available homes for sale,can be good for sellers, who can fetch higher prices, it doesn’t bode well for buyers looking to buy a new home this summer.
There are many factors contributing to this. Pent up demand after a long period of stagnation. Lack of affordable new construction and a lot of new people moving to Southern Nevada seeking employment.
Fortunately, a seasoned real estate broker, such as myself and my experienced loan officer, can help you find a home that fits your needs and pocket book! Interest rates are still reasonable and while prices are increasing, Vegas valley homes are still a bargain compared to many other areas.
Put my years of experience and technology know how to work for you. Together, we will find your next home.
Terry Barone, Broker (702) 682-5202
Everything I touch – turns to SOLD!