Inventory continues to shrink this week we went down 5,193 single family homes available on the market. We put another 876 homes in escrow and that went up by 23 from the prior week. We closed on escrow 695 that is up by 38 homes and 150 homes were withdrawn from the MLS and it is down from last week. That is a small number nothing unusual anywhere from two hundred is pretty much normal at any Continue Reading
Archives for July 2020
Weekly updates on Southern Nevada Housing Market -07/09/2020
A new median price for the month of June for Southern Nevada that is the surprise for today’s show! This past week we currently have available 5,326 homes on the market. Now this is only single-family homes, in escrow we have 813 that is a good number to see. For closing we have 456 homes it went down significantly from the week before which was at 844 homes that have sold. Withdrawn we have 161 Continue Reading
Weekly updates on Southern Nevada Housing Market -07/02/2020
They stop manufacturing R-22 units back in 2010 and no longer allowed to manufacture nor reproduce it. But you can still use it for HVAC units there is a lot of misinformation going around the industry that if you have an older unit that has that R-22 you need to get it replaced as soon as possible. You can actually use R-22 in a unit for the next 10 years. So there is really no rush, EPA said Continue Reading
Supply & Demand in Las Vegas
Is right now a good time to buy or sell? We have the expert Harvey Blankfeld joining Las Vegas NOW. Harvey has not really seen any slow down in the in the market but there is less activity than usual, but prices have held and the prices are not making any major slip or increase. It’s been pretty steady; inventory have been steady dropping as well in the last 6 to 8 weeks. We are seeing good Continue Reading
