I am noticing homes that are priced above 385K are sitting at least 90 days, but homes priced below 385K seem to be selling pretty quickly. Most of my listings are above 400K, so they don't seem to be moving very quickly. I noticed that we are not getting alot of showings either.
Our office has been staying very busy and we have buyers ready to go in the 400K price range, so I have to imagine that there are many buyers out there in that price range. I cannot figure out why we are only getting about 1 to 2 showings a week.
Anyways, I still believe we have a very unique real estate market compared to other real estate markets. Las Vegas has a very strong economy and we are still getting numerous residents moving here daily. These residents are going to need a home. So as long as our economy stays strong, which I believe it will, I don't forsee our Las Vegas Real Estate market declining.
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