January 2020: Residential Real Estate

January 2020 residential real estate

An overview of the housing market in Las Vegas during January 2020 residential real estate activity shows everything is within healthy and stable conditions. Housing supply is still under three months on the market.

Shyla Magee, GLVAR Board of Directors Member, stated that while home prices increased by 1 percent, it’s still within normal limits, particularly during fall. To better get a sense of the market, you have to look at the year-over-year prices, which shows that rates have actually increased by 4 percent. So, the increase is what you can expect to see nationwide. An increase of 3-5 percent is still normal. The Las Vegas housing market is still stable last January 2020 residential real estate review.