This time last year we had double the inventory we do now. We currently have about 4200 homes on the market and have sold a little less then 2000 in the last month. Although rates are higher than years past, rates have not crashed the market. Homes are still selling and Harvey gives his takes on what he thinks may happen in the last few months of the year. Continue Reading
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Monthly Market Update for July 2023 with Harvey Blankfeld
Are interest rates making our current market stale? That's what the numbers show. The market seems flat. Not enough inventory still, the median sales price is the same, and numbers show that this year has actually been the slowest year in real estate in Las Vegas since 2028. Will this pattern continue or heat up? Let us know your thoughts! Continue Reading
Weekly updates on Southern Nevada Housing Market -11/19/2020
Let us start crunching some numbers, here we go! So, for November 19th and again this just single-family homes. Currently on the market we have 4,545 homes and down by 129, inventory keeps shrinking. In escrow the last 7 days we put 829 homes in escrow, and we closed 774 and both of those numbers are up from last week. We saw 166 homes withdrawn its been floating in the mid one hundred for a long Continue Reading
Weekly updates on Southern Nevada Housing Market -11/05/2020
Let’s talk about week 10/22/2020 we had 5,001 homes available on the market and we put 736 homes in escrow. Now we say homes, this chart is only for single family homes. We closed 701 homes and 156 were withdrawn and the median sold price $340,126, median sold price per square feet is $183.37. The inventory continues to shrink and the number of homes in escrow went down a little, but the closing Continue Reading
Weekly updates on Southern Nevada Housing Market -10/15/2020
Let us start with our weekly update and for this week we have 5,094 homes currently available. Now please remember this only single-family homes. It is down by 11 from last week. We still have pretty low inventory still, in the last 7 days we put 865 homes in escrow. And we closed 621 homes and 159 were withdrawn. The median of the sold price is $335,108 it went down a lot from last week, but then Continue Reading
Commonly asked real estate questions
First question, what if anything are you doing differently to get homes sold today in COVID, crazy world and is there a new trick or sales tactic that’s working especially well? The short answer is no, but the good answer is in today's market, we have to make sure sellers follow protocols and make sure that we are showing houses in a proper factor but the rest of the things are mostly true methods Continue Reading
Weekly updates on Southern Nevada Housing Market -10/01/2020
This week we have the total of available 5,117 on the market and please remember these are only single-family homes. In escrow we have 889 homes in contract and that is down by a little from the previous week. Also, inventor went down as well in the last week and we have closed 924 homes that went up a lot, that is a nice number to have. 200 homes have been withdrawn that is a pretty big number Continue Reading
Weekly updates on Southern Nevada Housing Market -09/10/2020
We have seen the loan business / mortgage business it is crazy busy right now and doing a ton of refinance, there is so much business all the way around. John read a headline from CNDC on their website that mortgage lenders are making the most money and being super business and it is true according to John. As soon as we reopened (Las Vegas) and how interest rates fell too, it led to a fire under Continue Reading
Weekly updates on Southern Nevada Housing Market -09/03/2020
Inventory today would reflect that it is a sellers’ market, prices are going up but not drastically. And while the median prices are going up that is mainly a function of the product mix. In other words, there is a lot of more expensive homes that are selling right now than homes that are at the bottom of the ladder. Considering that it is a challenge for buyers right now, but buyers are still Continue Reading
Weekly updates on Southern Nevada Housing Market -08/20/2020
We have been tracking single family homes every week since March 2020. Now we are going to share with you, now this week we have currently available 5,241 homes on the market, that is up 15 from last week. In escrow the past seven days we put 883 homes in escrow, we closed 625 single family homes. 171 homes were withdrawn from the market, but that number has not really changed this whole time Continue Reading
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