Homes For Sale In Las Vegas – Don’t Buy Now!

Homes For Sale In Las Vegas – Don’t Buy Now! After two years of skyrocketing home prices and limited inventory, there now seems to be an endless supply of homes for sale in Las Vegas. If you’re looking to buy a Las Vegas home, my suggestion is don’t buy now. Interest rates are still high and many people are looking at the homes for sale in Las Vegas as still being too high. I do believe prices will further recede as interest rates could possibly go higher in 2023. This is good news for buyers, especially if you don’t buy now and wait it out through most of this year. There is also a large increase of new construction homes for sale in Las Vegas and homebuilders are offering better deals each month. Las Vegas home prices have declined each month since May of 2022. The tide has definitely turned and home buyers are now in the driver seat. If you don’t buy now and are patient, I believe the amount of homes for sale in Las Vegas will only increase and thus home prices will continue to decline. The prudent play is to be patient through at least the first half of 2023 before buying a Las Vegas home.

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Jerry Abbott – REALTOR®
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Email: jerry@jerryabbottrealty.com
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Learn more about Las Vegas, Nevada here:
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​ https://VisitLasVegas.com
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https://vegas.eater.com/
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Jerry Abbott – REALTOR®
NV License # S.0183274
Simply Vegas – The Wulf Group