Las Vegas Real Estate Market Update: July 2022 Housing Forecast
An update to the Las Vegas housing market for July 2022. This is a real estate update for home prices and inventory and the changes in the real estate market in Las Vegas since interest rates have risen sharply. Median list prices are steady as housing inventory is rising and median days on the market is staying the same.
There is speculation that the real estate market in Las Vegas is a bubble and could crash in 2022 or 2023. This is unlikely since Las Vegas still has historically low number of homes on the market and lacking overall housing, despite being one of the fastest growing cities in the US. This forecast is for the Las Vegas housing market.
Todd and Oana are Las Vegas real estate agents and owner/brokers of Nevada Realty Solutions a boutique real estate firm in Las Vegas. Todd and Oana are also the co-founders of ReferralCloud, a tech startup making it easier for real estate agents to send each other referrals.