Tuesday, November 3, 2015
Seller's Market in Las Vegas
Las Vegas real estate is still considered to be in a seller's market. The prices have escalated greatly in the past 5 years and we have traditional sales once again become the most prominent type of sale. Short sales and foreclosures only make up a small percentage of the sales. However, inventory levels are still consider to be at a number that is slightly below normal. Buyers do have more to pick from while shopping but in general the market still favors the seller.
The holiday season can make showing your home a headache so many people will take their home off the market or limit showings. This is completely understandable because having your home on the market can cause major havoc with schedules. But the fact that many people will pull their homes off the market often will benefit those who are willing to whether the storm of the holiday listing. Regardless of when you decide to list and sell your home, remember that the sooner you have it under contract the sooner you can stop showing it!
Chris LaHaie, MBA
Las Vegas, NV 89146