Is This a Good Time to Buy Homes in Las Vegas?
Home ownership has always been a rite of passage, and in some cases, a sign of prestige, as many believe this shows they "made it." Buying a home has never been risk-free, but owning one does have its positives. This is no different in Las Vegas where the housing market is tight. Houses have been selling like hot cakes in Las Vegas this year, despite quarantine and social distancing from COVID 19 and the effects it's had on the local economy. Nearly 4,000 homes were sold in July, a number that hasn't been seen since 2017. The price for a previously owned single-family home is, on average $337,000. The national housing market was impacted by COVID 19, too, but it is quickly bouncing back much faster than anticipated. In September of 2020, the real estate market in Las Vegas hit another all-time high with the sales of single-family homes going up by double digits. It's an increase of 18.9 percent year over year. It's a sellers’ market in Las Vegas now, but that