If you need assistance, please call 702-476-0060

Las Vegas Housing Market Continues to be a Seller's Market

Wednesday, September 30, 2020   /   by Ken Couture

Las Vegas Housing Market Continues to be a Seller's Market

Las Vegas Housing Market.jpg
The Las Vegas housing market continues to defy gravity, reaching new highs in August, and it all comes down to supply and demand.

Despite the COVID-19 pandemic and economic shutdown, home sales remain red hot, leading to some of the lowest inventory levels in recent memory.

According to Las Vegas Realtors, there were fewer than 4,700 homes without pending offers on the market at the beginning of September.

According to LVR President, Tom Blanchard, the available property is in such short demand, “if you see it, buy it immediately.”

Blanchard cites several reasons for the low inventory. First, new home construction slowed to a crawl during the great recession, but people haven’t stopped moving to the Las Vegas area. “There is a migration from the cities to more of a suburban area like this,” Blanchard said, “and we are a great value when you look at us across the United States.”

As for buyers and sellers, Blanchard says each has advantages right now. “If you’re a buyer and you’re qualified, and your realtor gives you some values on the property, and it’s priced correctly, buy it,” said Blanchard.

Buyers are also enjoying record low-interest rates.

“If you're a seller,” he said, “you’re going to be able to get your house sold quickly.”

And, quite likely, at your asking price or better.

For more info, visit us on:


Follow us on:

FB: Ken Couture Realty Your Home Sold Guaranteed

IG: @kencouturerealtylv

Twitter: Ken Couture

Pinterest: Ken Couture

LinkedIn: Ken Couture Your Home Sold Guaranteed

Contact us at:









Your Home Sold Guaranteed Realty
Ken Couture
8367 W Flamingo Rd Suite 101
Las Vegas, NV 89147

UP5DB701E1507748.jpgThe data relating to real estate for sale on this web site comes in part from the INTERNET DATA EXCHANGE Program of the Greater Las Vegas Association of REALTORS® MLS. Real estate listings held by brokerage firms other than this site owner are marked with the IDX logo. The information being provided is for the consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. GLVAR MLS deems information reliable but not guaranteed. Copyright 2023 of the Greater Las Vegas Association of REALTORS® MLS. All rights reserved.
This site powered by CINC: www.cincpro.com