Here’s what sellers need to know about Las Vegas’ housing market.
Are you thinking about selling your home soon? You may have heard that our housing market slowed down recently, and it’s true. The frenzy Las Vegas saw over the last few years has calmed down, but does that mean you’ve missed the boat? Is it too late to get an amazing deal for your home?
In my opinion, no. There are still plenty of motivated buyers in our market willing to offer you a fantastic price, but you have to be smart about how you price your home. Homes priced correctly are still selling quickly, but houses priced too high are sitting on the market longer.
It’s true that our market is slower than it was before, but 31% of homes are still selling above list price. At the same time, the average home is only selling in 20 days. Our market is still strong, but it’s not the same as it was last year. You may have to adjust your expectations to meet the market where it’s at today, but there continue to be plenty of opportunities for sellers.
If you have questions about this topic or anything else, please feel free to call or email me. I am always willing to help!