I wonder if this is what a “normal” real estate market feels like—though in Vegas, “normal” might not exist! We’re so accustomed to extremes: ultra-low inventory, bidding wars with offers above list price, and cash buyers dominating the scene.
Lately, it’s refreshing to see a shift. More homes are available for sale, giving actual homeowners (not just investors) the chance to negotiate and secure a place to call home.
Here’s what’s happening right now in the Vegas market:
- Home Prices: Prices are holding fairly steady, with only slight decreases.
- Inventory: While more homes are on the market compared to our peak extremes, inventory is now slightly decreasing again.
- Sales Trends: The average home is selling for about 2% below the list price, which means sellers are negotiating—something we haven’t seen much of in recent years.
This kind of balance can be great for buyers and sellers. Buyers get opportunities to negotiate, while sellers can still expect strong demand if their home is priced right.
If you’re curious about what this means for your plans—whether buying, selling, or just watching the market—feel free to reach out. I’d love to discuss how these trends could work to your advantage.
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Las Vegas Market Snap Shot
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