Las Vegas Real Estate Update: Where Will Home Prices Be This Fall?

An update to the Las Vegas housing market. Inventory is still declining to a record low for August of any year. Home prices are still going up despite 7% mortgage rates. With the lack of inventory it is likely this fall will be very competitive for home buying in Las Vegas.

There are only 2,200 homes in Las Vegas for sale right now, which is about 1 in 500 homes. In a typical year 1 in 20 homes sells in Las Vegas. The prediction for home prices in Las Vegas into the fall and spring are they will continue to rise as long as inventory is low regardless of mortgage rates.


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