Industry Watchers Say Surplus Isn’t A Concern Yet
Reports show that there were about 7,000 converted Las Vegas condos on the market in April.
There were also over 4,000 new single-family Las Vegas homes and traditional condos on the market. Counting pre-existing homes and condos and the total backlog of properties the total number for sale in the Las Vegas area in April was over 30,000.
Las Vegas analysts are letting consumers know that the market is not in trouble, it’s adjusting.
Many real estate experts say that the increase in housing availability is not a major concern. However, inventory could become an issue if the number of available properties doesn’t peak soon and begin to retreat say industry watchers.
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