Las Vegas Home Market
The Las Vegas Home market is still showing strong positive signs. As of April 22nd, 2008 the total number of residential properties on the market has continued it’s decline to 21,884 from the exact search I have had since November 2007. That number down from nearly 30,000. Yeah I know, I keep stating the declining numbers of available homes in our market, but if the media can beat there negative dead horse than I’ll beat my positive one ( not the nicest analogy but let’s move on).
Considering the number of preforeclosure-short sales (see previous articles) and foreclosure properties coming onto the market hasn’t decreased (actually increasing) these numbers become even more impressive. The Las Vegas home market is gearing up to surprise a lot of people and may be as soon as this summer.
Hind site, as it’s said, is always 20/20. How many people will say I wish I had bought at the bottom of the market? It has to be one of the toughest decisions people make in buying real estate!
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