The Las Vegas Market Was On Fire In 2018. This blog is a recap with easy to read charts of the Las Vegas Market.
At the end of 2018 the median price was $313,000. In January 2019 the median price dipped to $296,000. The drop was due to the sales slowing down. Economists say that buyers rushed to buy in 2018 for fear that interest rates were going up.
The Las Vegas Market growth is still out pacing other major cities. The employment market is strong, interest rates are low, and homes are affordable.
Las Vegas growth is second to Orlando. Nevada is the fastest growing state.
Nevada is #1 in Employment Growth!
CITY OF LAS VEGAS ECONOMIC OVERVIEW.
The median existing home prices include condominiums and townhomes so it is lower than the single family home median which is $296,000 as of April 2019.
Check out the available homes in Las Vegas, CLICK HERE.
If you want a market value of your home, please CLICK HERE.
To learn about the national market, watch this video.
Mr. Yun, Economic Advisor for the National Association Of Realtors addresses the state of real estate across the country.