November Market Update: What’s Really Happening with Home Prices
You might be surprised—Las Vegas home prices have barely budged despite all the doom and gloom you see on the news.
Buyers are being told they can scoop up homes with low-ball offers, but that’s only true if they happen to find a very motivated seller.
Most homeowners aren’t willing to give their property away, and the homes offering the biggest discounts are often the ones buyers don’t want in the first place. That is one of the biggest reasons we are stuck in a stagnant market. Sellers are holding firm on their prices and buyers are not willing to pay.
We are slowly starting to see interest rates drop and that should get the market moving. We shall see.
Don't be discouraged. What I do know is that homes that are in a great condition and priced well are still selling within 30 days, sometimes with multiple offers.
2025 has been anything but...
..ordinary. So far, it's been quite the rollercoaster ride, but I've got some insights to share. The year kicked off strong with a spike in February, fueled by a dip in interest rates. We thought the Spring market came early, but like any good rollercoaster, there were a few twists and turns.
Economic uncertainty threw a curveball, causing buyers to take a step down and get back on the fence. Interest rates moved back up and have stayed there with little change.
Despite that, home values are holding strong. Active buyers remain in the game with seller concessions becoming the norm rather than the exception.
Now, as we cruise into the warmer months there may be opportunities if the inventory keeps increasing. If you're thinking about jumping into the game, now might just be the perfect time to make your move.
Ready to ride the waves of the real estate market? Let's talk strategy!