Realty One Group - Shannon Smith Group


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March Newsletter

Hi, Fun Fact: Housing inventory has decreased 12.5% compared to last month while the amount of homes sold increased by 23.8% Inventory beginning of February: 5,012 Homes sold in January: 1,263 ...

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February UPDATE

Hi, HAPPY NEW YEAR!!! There’s a good chance that low inventory and increased demand will begin to push home prices higher very soon. Currently there are only 5,012 homes for sale with 2,587 homes currently in escrow. It seems t...

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January Update

Hi, I hope you and your family are doing well, and you stay on track for all of your New Year goals. I'm not sure if you read our local newspaper the Las Vegas Review Journal, but I had an opportunity to give my thoughts on what to ex...

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December Update

Hi, Single Family home prices are down 2.25% in November from October to a median price of $435K. The amount of sold are down 11%. What caught my attention is that inventory is also down 10% now, compared to October. Maybe sellers...

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November Update

Hi, Judging by the buzz on the streets and media outlets, I’d think the housing market was doing worse than what the actual numbers suggest. It’s possible the current statistics are a warning sign, but on average, properties values ...

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September Update

Hi, I speak to people daily about the housing market and everyone I speak with wants to buy. They’re either ready to buy now, or waiting for the market to crash. I’ll continue to say; until I’m proven wrong that the market isn’t cra...

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August Update

Not sure if you receive the Sunday paper, or read it online but please see the article I wrote for the Review Journal in the link below.

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July Update

189% is the amount inventory increased in 3 months since April (that’s a lot). In the past 24 hours, 214 homes hit the market, 98 sold, and 132 homes went into escrow.. Let’s be clear, increased inventory is a GOOD THING. The housing...

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June Update

The market is reaching a turning point in which price reductions are more common, and where buyers have more options. Since my last newsletter in mid-May, available single family home inventory jumped 36%. Higher inventory will eventua...

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May Update

Five years ago in April of 2017 the average sales price was $250K. I can remember a number of people telling me they weren’t buying at the top of the market and they’ll wait for prices to come down. Those people are still waiting and ...

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