Market Right On Track

August 31, 2006 Posted In Homes Update Market Conditions

It seems as though Las Vegas homes sales are starting to level out. This according to NAR’s chief economist David Lereah. The report shows that home sales made a stronger than expected drop in July.

This combined with the fairly even numbers in August lets it be known that the local housing market is at a more sustainable pace.

Even with the hardships sustained in the beginning of the year, the local market is on track to see the third highest sales year on record.

The market has to continue moving on as we work through a build up in the inventory of homes locally.