Buyers Are Backing Out With The Low Inventory In Las Vegas?

Dated: September 16 2021

Views: 32

Home sales fell 1.2% from May to June, the largest drop at this time of year on record since at least 2012, according to a new Redfin study released this week. The national median home-sale price hit a record high of $386,888, up 25% year over year, but a slight decline from the record of 26% in May. The number of homes for sale fell 28% year over year from 2020, and the typical home sold in just 14 days — a record low and down from 39 days in June 2020. Homes sold for their highest prices and at their fastest pace on record, but measures for market speed and competition seem to be at or near peak levels for this year, said Daryl Fairweather, Redfin’s chief economist. “In June we entered a new phase of the housing market,” Fairweather said. “Home sales are starting to stall because prices have increased beyond what many buyers can afford. This summer I expect home prices to stabilize as more homeowners list their homes, realizing they likely won’t fetch a higher price by waiting longer to sell.” Fifty-six percent of homes sold above their list price — another record high, up from 27% a year ago. And the average sale-to-list ratio hit 102.6% in June, meaning homes are selling on average 2.6% above the asking price. “All INFORMATION IS RELIABLE BUT NOT GUARANTEED. ALL PRICING IS SUBJECT TO CHANGE” FIND YOUR NEW HOME HERE!_______________________________ NEW HOMES FOR SALE North LAS VEGAS: https://myre.io/06JLs6ucrxtv NEW HOMES FOR SALE HENDERSON: https://myre.io/0cHIsh7lWGMe NEW HOMES FOR SALE SUMMERLIN: https://myre.io/07nqoJ2NcEpr NEW HOMES FOR SALE LAS VEGAS: https://myre.io/0tQJHW7z4v9s RESALE RESALE HOMES FOR SALE SUMMERLIN: https://myre.io/0p45dLe60YDi RESALE HOMES FOR SALE HENDERSON: https://myre.io/0RyjeHLPBYch RESALE HOMES FOR SALE LAS VEGAS: https://myre.io/007z2PRywXvf ❎ Here are the following Topics You will Need To Seek For Additional Advice. CPA, attorney, insurance, or financial advisor and the information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, and electrical advice. I only provide expert advice for Financing and Real Estate. https://youtu.be/TXcGgXZYfqg- Hiring a Home Inspector with Experienced Training And Certification Will Save you Thousands https://youtu.be/1aO5_Ft6Gyw : Here Are The Newest And Best Locations To Buy A Home In Overpriced Las Vegas. https://youtu.be/-uw2HbPbO8c : Vegas Covid Restrictions Opening Up And How To Land A Home In A Seller's Market? https://youtu.be/B3-sw_jfla8 : Things To Know Before Buying/Moving To Las Vegas And Americans Less Motivated To Work https://youtu.be/1aO5_Ft6Gyw : This is the most overvalued housing market in America. Spoiler: It’s not in California. https://youtu.be/ak_d72u4SBo : New Home Lottery Is Back In Las Vegas https://youtu.be/5DuRlwUC7_o : Las Vegas Sands Leaving Gaming https://youtu.be/Xdz4ChL5ih0 : Hot Las Vegas Housing Market Is Booming https://youtu.be/8XoqhQE75Y0 : Real Estate Hustle & Working The Strip https://youtu.be/61dxfW8x4X0 : Las Vegas Housing Forecast 2021-2021 https://youtu.be/XYDupRErig0 : Are We In A Housing Bubble In Las Vegas? https://youtu.be/5EQMYmx2wm0 : Why The Pandemic Ignited a Housing Boom but It’s Different From The Last Housing Market Crash https://youtu.be/PSEnOY6WBMU : The Cost of Living Chart Has Gone Up Significantly Post Pandemic https://youtu.be/jYqV6sNBNMM : How To Compete Putting In An Offer On A House That Already Has An Offer?
SHOW LESS

Blog author image

Dan French

A Southern CA transplant, Dan has over 11 years in home financing with a multi-faceted background in lending and Real Estate. I have The main objective of providing the highest level of customer servi....

Latest Blog Posts

Tour the CARSON at Heritage at Stonehenge by Lennar in 4K HD - Summerlin 55+ Community

Carson at Stonehenge at Heritage by Lennar Homes2 BR 2 BA Smart Home in 55+ Community in SummerlinCALL DAN FRENCH AT 702-557-6176 TO VIEW!Take a Tour of the Carson, part of the "Cromwell" Collection

Read More

Summerlin Smart Home Tour - 3 BR 2.5 BA in 55+ Community - LV Crib Tours with Dan French

The "Ethan" in Evander at Heritage at Stonebridge by Lennar Homes3 BR 2.5 BA Smart Home in Summerlin 55+ CommunityCALL DAN FRENCH AT 702-557-6176 TO VIEW!This new single-story home design is ideal

Read More

Cesena at Carmel Cliff New Home Build Tour in Summerlin - 4 BR 3.5 BA with Upgrades and Stunning Views

Cesena at Carmel Cliff Redpointe New Home Build Master Plan Community4 BR 3.5 BA Home in Summerlin with Stunning ViewsCALL DAN FRENCH AT 702-557-6176 TO VIEW!The Cesena is a versatile floor plan

Read More

Problems with the Single-Family Housing & Rental Market + Crypto Market Uneasy About The Fed Meeting

There’s a problem with the U.S. single-family housing market.“U.S. housing supply is dwindling once again as homes continue to fly off the market at record prices,” said Jeremy

Read More