Current Las Vegas Real Estate
In 2021, Las Vegas has experienced a strong seller's market, with high demand and low inventory leading to bidding wars and rapidly rising prices. According to data from Zillow, the median home value in Las Vegas was around $325,000 in September 2021, representing a year-over-year increase of over 20%. Additionally, homes were selling quickly, often within days of being listed, and many were selling for above the asking price.
However, there were signs that the market may be starting to cool off slightly, with inventory levels beginning to rise and price growth slowing down somewhat. That being said, Las Vegas remains a popular destination for both buyers and investors, and its real estate market is likely to remain strong in the coming years.
Purchases seem to be are main generator for appraisals followed by estate appraisals lately. While we do enjoy working with the Lending Industry we really shine when we have the opportunity to offer our services to the public. Give us a call today to get your appraisal started!! 888-595-0188