The Las Vegas Real Estate Market Is Going Strong
When reporting to the Senate hearing committee NAR president Thomas M. Stevens informed the body that after five years of outstanding growth, it was time for the real estate market to undergo a period of adjustment.
He also stated that many markets, including Las Vegas, were becoming more balanced markets between buyers and sellers.
This strengthens statements made by analysis in Las Vegas that the home market was still going strong.
Even with the falling demand and increased supply, Las Vegas homes prices are still appreciating, just no where near the double digits it has in the past few year.
Filed under: Economic News, Market Conditions