Las Vegas real estate housing market update August 2016
Channel: lasvegas4us
Date: 2016-08-28

Please find the blog post for Las Vegas real estate housing market update August 2016 here http://bit.ly/2lxxsk3

Las Vegas residential real estate prices have picked for 2016 and Las Vegas real estate housing market for the rest of the year will be flat at best.

The median sales price for Las Vegas homes has gone up by 7.7% to $337,000, but it will go down to about $235,000 for August and will probably hover around it until February 2017.

The inventory of Las Vegas homes and condos listings in Las Vegas MLS is shrinking while demand is not.

This should lead to a tight real estate market in 2017 leading to additional price gains.

 Foreclosures and short sales keep losing mark share and their effect on the Las Vegas housing market is minimal.

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