As always the question is,
What is happening with the Las Vegas Real Estate Market?
First let's look at the National Real Estate Market...
This Top Graph shows a 5 Year Seasonal Trend in Median Price
and it is definitely Moving Up
This next graph shows a 5 Year Trend of Available Inventory.
It is definitely down.
Interest Rates still at Record Lows making Homes more affordable for Buyers.
This has also triggered a Refinance Boom saving families hundreds a month.
And the Mortgage Payment Forbearance has people staying where they are.
New Home Builders Confidence is at an All Time High.
People moving out of Cities and in more Rural Areas are looking
at New Construction Homes as an exciting option.
In California, issues like Forest Fires, Homeless Camping in Streets,
Riots / Looting, and a High Cost of Living are pushing people Out.
So that brings us to Our Local Real Estate Market.
The following 3 graphs show Henderson, Las Vegas and N Las Vegas
All Hitting Record High Median Sales Prices.
When will it all end? I'm not sure...
