Las Vegas Homes Aren’t Staying On The Market Long
Many local homes that sold as new last year are being sold as resales according to many local housing analysts. Studies show that the new home median is roughly 10 percent higher than the resale median.
It’s easy to assume that one would expect the resale median to increase even if those prices of existing home remain unchanged.
Another neat little stat regarding days homes spend on the market was released by the Greater Las Vegas Association of Realtors. It shows that 60 percent of Las Vegas homes are selling within 60 days of being listed for sale.
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