Las Vegas Housing Market 2020 -March

Currently we have 4,569 single family homes available, we have 4,547 under contract or in escrow and in the last 30 days we have sold 2,753 and that leaves us with the months of inventory of an absorption rate of 1.69. We have less than two months’ worth of inventory currently available to buyers right now that is very low. Our average days on the market are 48-day, last month we the numbers are bigger inventory continues to shrink again which turns this into more of a sellers’ market right now, but it is not a crazy sellers’ market right now. So, sellers don’t start thinking you can start over pricing, buyers are still looking for value and there is value out there. Stay tuned to hear more! Thanks for watching! Subscribe to our channel to get the updated market trends each month for Las Vegas, and other great real estate tips and news! Tune in every Saturday at 11am to 101.5FM & 720AM, KDWN, The Talk of Las Vegas to hear Las Vegas Real Estate Now! Call Harvey for all of your Real Estate needs: (702) 203-1165. Check out radio show website: https://lvrealestateradio.com/ Check out real estate website: https://brownblankfeld.com/