As your local Real Estate Agent, I can help you stay in connection with our current market and the changes we are experiencing. Whether you are looking to buy, sell or invest in real estate is it crucial to keep up on inventory levels, pricing, interest rates and current demand.
Currently Clark County is experiencing overall low inventory and has for the past few years, but inventory has increased a bit and is up to 2.9 months. In simple terms, this means that with the amount of demand we have in our county if no new homes come on the market we would be out of homes in 2.9 months. There was a 13.6% increase in new homes hitting the market in January compared to January 2018. The average sales price from January 2018 to January 2019 increase by 8.2%. Average market time is 72 days but will differ depending on the price brackets within the market.
Inventory levels and market time will change depending on price range, location and different factors and I can help you discuss these impacts on your home purchase or sale.
Hope this helps you stay on top of our local market in Clark County. Please call or reply with any questions you may have, I would love to help.
Interested in your home's value? Simply follow this link- Check My Value