You know I’m always watching the market, and something’s going on. In true Vegas fashion, it looks like the market’s setting up for a December plot twist, almost like it wants a “happy ending” to the year.
We’ve got less inventory than last month, but it’s not because homes are flying off the market. Fewer homes actually sold. What I’m really seeing is sellers with a ton of equity who aren’t budging. If they don’t get their number, they’re pulling their homes off and waiting.
Then came October, with a not-so-surprising price dip after months of the market basically staying flat, and, boom! Prices bounced back and hit a record high in November.
That’s where “quality over quantity” hits home. The upgraded properties are selling. The average ones? They sit, or the seller pulls them off the market, unless they’re priced correctly and clearly cheaper than the upgraded homes.
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Las Vegas Market Snap Shot
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