Weekly updates on Southern Nevada Housing Market -09/24/2020

Total available we have 5,201 single family homes on the market. We went back down in inventor about 30 homes from the previous week. We put 901 homes in escrow, and we have closed 715 home in the last week. There were 157 homes withdrawn and the market is still vibrant, and it is busy. Seeing the market right now it a bit counter intuitive but we think it is pent up demand. A lot of buyers were stuck in their homes for month on end and did not like it. Due to the pandemic the market was slow when everyone had to be home, so when places started opening again the market started to get a little crazy. Stay tune to hear more!

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