December 2019: Residential Real Estate

Las Vegas is showing a slow down of home sales approaching the last quarter of the year compared to last year, based on the latest data provided by the Greater Las Vegas Association of Realtors (GLVAR). These numbers, however, should not be a cause for worry. GLVAR President Janet Carpenter says the market is still stable. In fact, they are a lot better as prices are less volatile, with gradual appreciations, regarded as healthy and within normal limits for the real estate market.

Carpenter shares, “We realize that many prospective buyers still face challenges finding homes that are both available and affordable for them. But at least buyers are benefiting from more stable prices, more homes on the market than we had at this time last year and historically low mortgage interest rates.”