What Low Inventory Really Means To YOU

What Low Inventory Really Means To YOU

Las Vegas is not known for balance.  The latest arena for Vegas unbalance is our resale home inventory.

The National Association of Realtors's economists says a six month's supply of homes is a healthy market.  We only have a 2.5 months supply of homes for sale, according to the Greater Las Vegas Association of Realtors.

What does that actually mean to you?

Buyers: It is just harder to find a home. Patience is not my strong suit but summon it up, kids. There IS a house out  there for you. Don't give up! 

The laws of economics say low supply should push up prices. But thankfully that hasn't happened. The median price for homes in Las Vegas in July (median means half are above and half below) was $236,000, up just $1,000 from June. Buyers, now you are getting a fair price when shopping now.

Sellers: The low inventory increases your chances of selling quickly...assuming the have priced your property appropriately. I have seen homes on the market for 200 days just this week. Guess what? They will be on the market for another 200 days because the price is too high.

The low inventory does not give you the license to overprice your property. Today buyers are smarter than ever. Don't assume they will be dumb enough to make your dream price come true.

Image title

((hugs)) BETH Ellyn

THE Las Vegas Real Estate Concierge

State Managing Broker, Nevada

702.758.4318  Talk. Text. SMS. Video chat

[email protected]  Google Hangouts

Las Vegas Propportunities  Facebook Business Pate

@yale1974 Twitter

BA: Yale

MS: Columbia

MBA: L'ecole du Hard Knocks

Licensed in Nevada since 1996: I have previous!

When competence AND creativity matter!

Beth Ellyn Rosenthal Headshot
Phone: 702-324-6911
Dated: August 25th 2016
Views: 254
About Beth Ellyn: ...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Owning Makes More Sense - Each mortgage payment has an
Want To Meet The Courageous Parkland Florida Kids Here In Las Vegas - The Marjorie Stoneman Douglas 
Hot Yoga Happens Outside At The Neon Museum Boneyard - Most hot yoga classes are taught
A Word Homeowners Need To Understand - Acquisition Debt is the amount of

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

eXp Realty Las Vegas
6671 Las Vegas Boulevard South Suite D-210
Las Vegas, NV