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November
9

Market Update

November 9th, 2024 by Wardley Real Estate

Despite many reports that there would be a major pull back before the election, the Las Vegas Real Estate Market experienced another positive month in October. In a positive sign for Buyers (and an indication that people who've been wanting to sell are finally moving forward) new listings have been going up and creating more options for Buyers. Although homes have been sitting on the market slightly longer (38 days compared to 33 days last October) both the median and average home price have still risen strongly year over year. The median price for a single family home now sits at $475,788 (a 5.7% increase over last year) and the average price sits at $585,762, and while those numbers can fluctuate monthly, our market is well above the national average.

New listings, pending sales and closings are all up compared to last year and the experts are all predicting that with the election being over and the FED continuing to cuts rates we should continue to see increased activity moving into the new year. For any questions or more information on how this affects your Real Estate needs please feel free to contact me.

Categories: Sell a Home

Tags: Home Selling, Home Selling Advice, Find a Realtor, Home Sellers, Homeowners, Sell Home, First-time Home Buyer, Home Buying, Home Buyers, Home Buying Advice, Buy Home

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