Las Vegas Homes For Sale - Panic!

Описание: Las Vegas Homes For Sale - Panic! The U.S. real estate market has become increasingly difficult for first time homebuyers as both home prices and interest rates remain at record highs. Las Vegas homes for sale have become particularly competitive, as the city remains a desirable location with lower prices compared to expensive markets like California. With over 5,000 Las Vegas homes for sale, inventory is up 50% from a year ago but the median price of the current amount of Las Vegas homes for sale has remained at record highs this year at $485,000. This is up approximately 8% year over year. Whether it is a resale home or any of the new Las Vegas homes for sale, demand has remained strong from wealthy individuals, high income earners, current homeowners and investors making it much harder for the average person or first time buyer to enter the market. Long term, Las Vegas homes for sale will likely only go higher in price due to the growth and overall consistent demand in popular cities like Las Vegas. Las Vegas homes for sale are still considered relatively affordable compared to pricier metro areas, attracting buyers who drive prices even higher. Current homeowners and high income earners will always maintain an advantage over those saving for their first home, as they can leverage home equity, higher salaries and investment opportunities. The competition for Las Vegas homes for sale is only expected to intensify over time which is creating more of a panic for average income earners or first time buyers who are trying to time the market. As demand keeps outpacing supply, Las Vegas homes for sale will remain out of reach for many, pushing prices higher over time. If you can buy a home comfortably, especially any of the current Las Vegas homes for sale, it will likely be a wise choice if you hold onto the property long term based on historical appreciation.

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Jerry Abbott
NV License # S.0183274
Summit Properties
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