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

Dated: September 16 2021

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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: NEW HOMES FOR SALE HENDERSON: NEW HOMES FOR SALE SUMMERLIN: NEW HOMES FOR SALE LAS VEGAS: RESALE RESALE HOMES FOR SALE SUMMERLIN: RESALE HOMES FOR SALE HENDERSON: RESALE HOMES FOR SALE LAS VEGAS: ❎ 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. Hiring a Home Inspector with Experienced Training And Certification Will Save you Thousands : Here Are The Newest And Best Locations To Buy A Home In Overpriced Las Vegas. : Vegas Covid Restrictions Opening Up And How To Land A Home In A Seller's Market? : Things To Know Before Buying/Moving To Las Vegas And Americans Less Motivated To Work : This is the most overvalued housing market in America. Spoiler: It’s not in California. : New Home Lottery Is Back In Las Vegas : Las Vegas Sands Leaving Gaming : Hot Las Vegas Housing Market Is Booming : Real Estate Hustle & Working The Strip : Las Vegas Housing Forecast 2021-2021 : Are We In A Housing Bubble In Las Vegas? : Why The Pandemic Ignited a Housing Boom but It’s Different From The Last Housing Market Crash : The Cost of Living Chart Has Gone Up Significantly Post Pandemic : How To Compete Putting In An Offer On A House That Already Has An Offer?

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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....

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