“How’s the Market Doing?”

This is a question we are asked often. Historically the market here in Las Vegas has been fairly volatile with major swings in both price and inventory levels but the good news is that the market is stabilizing. According to GLVAR President Heidi Kasama, both prices and inventory levels are leveling out with only minor fluctuations year-over-year. GLVAR reported the median price of existing single-family homes sold in Southern Nevada during May was $195,000, up 1.6 percent from $192,000 in April and back to where they were in March. May’s median home price was up 14.7 percent from $170,000 in May of 2013. For more info on the current market see the video below.

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