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What Will It Take for Prices To Come Down?

Listed on Listed by MLS#
Beds Baths Sq.Ft.
<?php $category_links = array(); foreach ($categories as $category) { $category_links[] = 'term_id)) . '" style="color: #666; text-decoration: none;">' . esc_html($category->name) . ''; } echo implode(', ', $category_links); ?>
Share: <a href="https://facebook.com/sharer/sharer.php?u=" target="_blank" rel="noopener noreferrer" style="margin-left: 10px; color: #666;"> <a href="https://twitter.com/intent/tweet?url=&text=" target="_blank" rel="noopener noreferrer" style="margin-left: 10px; color: #666;"> <a href="https://www.linkedin.com/shareArticle?mini=true&url=&title=" target="_blank" rel="noopener noreferrer" style="margin-left: 10px; color: #666;"> <a href="mailto:?subject=&body=" style="margin-left: 10px; color: #666;">
ID, 'property_price', true); $beds = get_post_meta($post->ID, 'property_beds', true); $baths = get_post_meta($post->ID, 'property_baths', true); $sqft = get_post_meta($post->ID, 'property_sqft', true); $mls = get_post_meta($post->ID, 'property_mls', true); ?>
<input type="number" id="property_price" name="property_price" value="" style="width: 100%;">
<input type="number" id="property_beds" name="property_beds" value="" style="width: 100%;">
<input type="number" id="property_baths" name="property_baths" step="0.5" value="" style="width: 100%;">
<input type="number" id="property_sqft" name="property_sqft" value="" style="width: 100%;">
<input type="text" id="property_mls" name="property_mls" value="" style="width: 100%;">
<?php } // Save property meta data function bhhs_save_property_meta($post_id) { // Check nonce if (!isset($_POST['bhhs_property_details_nonce']) || !wp_verify_nonce($_POST['bhhs_property_details_nonce'], 'bhhs_property_details')) { return; } // Check autosave if (defined('DOING_AUTOSAVE') && DOING_AUTOSAVE) { return; } // Check permissions if (!current_user_can('edit_post', $post_id)) { return; } // Save meta data $meta_fields = array( 'property_price', 'property_beds', 'property_baths', 'property_sqft', 'property_mls' ); foreach ($meta_fields as $field) { if (isset($_POST[$field])) { update_post_meta($post_id, $field, sanitize_text_field($_POST[$field])); } } } add_action('save_post', 'bhhs_save_property_meta');

What Will It Take for Prices To Come Down?

Curious about what’s happening with home prices in Las Vegas? Real estate trends can vary widely by market, so what’s happening nationally might not reflect the local reality. If you’re considering buying or selling a home, understanding these local nuances—like whether prices are expected to come down—is key.

In Las Vegas, the housing market remains tight, with limited inventory creating challenges for buyers. While prices are currently climbing due to demand outpacing supply, there is growing speculation about whether prices might come down in the future. In areas with more homes on the market, price growth may slow or even dip slightly, causing some to wonder if wider trends will lead prices to come down. Each market tells its own story, and understanding the dynamics of the Las Vegas market is critical for making informed decisions.

This is where working with a local real estate expert becomes invaluable. A knowledgeable professional familiar with the Las Vegas market can provide tailored insights, help you navigate pricing trends, and guide you through the process—whether you’re buying or selling. They can also help identify opportunities that align with your goals, ensuring you make confident, well-informed choices, especially if you’re watching to see if prices come down.

Market your RealScout client search page to engage prospective buyers and generate new leads.

Generate custom client map search link. Invite prospects to create a search with this onboarding link.

The Bottom Line: Will Prices Come Down?

In Las Vegas, the market is all about supply and demand. With inventory remaining tight, home prices are expected to hold steady or rise in the coming months, though some areas could see prices come down as inventory changes. For buyers, this means acting quickly to avoid paying more as prices climb further—or capitalizing on potential price declines. For sellers, it’s a prime time to consider listing your home while demand is high.

If you’d like to learn more about the Las Vegas housing market and whether prices might come down, let’s connect. Whether you’re planning to buy, sell, or simply want a clearer picture of current trends, I’m here to help you navigate the market and develop a strategy that works for you. Together, we can make the most of the opportunities in this dynamic market.

Market your RealScout client search page to engage prospective buyers and generate new leads.

 

Generate custom client map search link. Invite prospects to create a search with this onboarding link.

Why This Winter Is the Sweet Spot for Selling

Listed on Listed by MLS#
Beds Baths Sq.Ft.
<?php $category_links = array(); foreach ($categories as $category) { $category_links[] = 'term_id)) . '" style="color: #666; text-decoration: none;">' . esc_html($category->name) . ''; } echo implode(', ', $category_links); ?>
Share: <a href="https://facebook.com/sharer/sharer.php?u=" target="_blank" rel="noopener noreferrer" style="margin-left: 10px; color: #666;"> <a href="https://twitter.com/intent/tweet?url=&text=" target="_blank" rel="noopener noreferrer" style="margin-left: 10px; color: #666;"> <a href="https://www.linkedin.com/shareArticle?mini=true&url=&title=" target="_blank" rel="noopener noreferrer" style="margin-left: 10px; color: #666;"> <a href="mailto:?subject=&body=" style="margin-left: 10px; color: #666;">
ID, 'property_price', true); $beds = get_post_meta($post->ID, 'property_beds', true); $baths = get_post_meta($post->ID, 'property_baths', true); $sqft = get_post_meta($post->ID, 'property_sqft', true); $mls = get_post_meta($post->ID, 'property_mls', true); ?>
<input type="number" id="property_price" name="property_price" value="" style="width: 100%;">
<input type="number" id="property_beds" name="property_beds" value="" style="width: 100%;">
<input type="number" id="property_baths" name="property_baths" step="0.5" value="" style="width: 100%;">
<input type="number" id="property_sqft" name="property_sqft" value="" style="width: 100%;">
<input type="text" id="property_mls" name="property_mls" value="" style="width: 100%;">
<?php } // Save property meta data function bhhs_save_property_meta($post_id) { // Check nonce if (!isset($_POST['bhhs_property_details_nonce']) || !wp_verify_nonce($_POST['bhhs_property_details_nonce'], 'bhhs_property_details')) { return; } // Check autosave if (defined('DOING_AUTOSAVE') && DOING_AUTOSAVE) { return; } // Check permissions if (!current_user_can('edit_post', $post_id)) { return; } // Save meta data $meta_fields = array( 'property_price', 'property_beds', 'property_baths', 'property_sqft', 'property_mls' ); foreach ($meta_fields as $field) { if (isset($_POST[$field])) { update_post_meta($post_id, $field, sanitize_text_field($_POST[$field])); } } } add_action('save_post', 'bhhs_save_property_meta');

Some Highlights

  • Thinking about selling your house? Here are a few reasons why you may want to do it this season.
  • Buyers looking right now are serious about moving and the number of homes for sale is typically lower this time of year – helping your house stand out.
  • While inventory is higher this year than it’s been in the last few winters, you’ll still be in this year’s sweet spot.

Don’t Let These Two Concerns Hold You Back from Selling Your House

Listed on Listed by MLS#
Beds Baths Sq.Ft.
<?php $category_links = array(); foreach ($categories as $category) { $category_links[] = 'term_id)) . '" style="color: #666; text-decoration: none;">' . esc_html($category->name) . ''; } echo implode(', ', $category_links); ?>
Share: <a href="https://facebook.com/sharer/sharer.php?u=" target="_blank" rel="noopener noreferrer" style="margin-left: 10px; color: #666;"> <a href="https://twitter.com/intent/tweet?url=&text=" target="_blank" rel="noopener noreferrer" style="margin-left: 10px; color: #666;"> <a href="https://www.linkedin.com/shareArticle?mini=true&url=&title=" target="_blank" rel="noopener noreferrer" style="margin-left: 10px; color: #666;"> <a href="mailto:?subject=&body=" style="margin-left: 10px; color: #666;">
ID, 'property_price', true); $beds = get_post_meta($post->ID, 'property_beds', true); $baths = get_post_meta($post->ID, 'property_baths', true); $sqft = get_post_meta($post->ID, 'property_sqft', true); $mls = get_post_meta($post->ID, 'property_mls', true); ?>
<input type="number" id="property_price" name="property_price" value="" style="width: 100%;">
<input type="number" id="property_beds" name="property_beds" value="" style="width: 100%;">
<input type="number" id="property_baths" name="property_baths" step="0.5" value="" style="width: 100%;">
<input type="number" id="property_sqft" name="property_sqft" value="" style="width: 100%;">
<input type="text" id="property_mls" name="property_mls" value="" style="width: 100%;">
<?php } // Save property meta data function bhhs_save_property_meta($post_id) { // Check nonce if (!isset($_POST['bhhs_property_details_nonce']) || !wp_verify_nonce($_POST['bhhs_property_details_nonce'], 'bhhs_property_details')) { return; } // Check autosave if (defined('DOING_AUTOSAVE') && DOING_AUTOSAVE) { return; } // Check permissions if (!current_user_can('edit_post', $post_id)) { return; } // Save meta data $meta_fields = array( 'property_price', 'property_beds', 'property_baths', 'property_sqft', 'property_mls' ); foreach ($meta_fields as $field) { if (isset($_POST[$field])) { update_post_meta($post_id, $field, sanitize_text_field($_POST[$field])); } } } add_action('save_post', 'bhhs_save_property_meta');

If you’re debating whether or not you want to sell right now, it might be because you’ve got some unanswered questions, like if moving really makes sense in today’s market. Maybe you’re wondering if it’s even a good idea to move right now. Or you’re stressed because you think you won’t find a house you like.

To put your mind at ease, here’s how to tackle these two concerns head-on.

Is It Even a Good Idea To Move Right Now?

If you own a home already, you may have been holding off because you don’t want to sell and take on a higher mortgage rate on your next house. But your move may be a lot more feasible than you think, and that’s because of your equity.

Equity is the current market value of your home minus what you still owe on your loan. And thanks to the rapid appreciation we saw over the past few years, your equity has gotten a big boost. Just how much are we talking about? See for yourself. As Dr. Selma Hepp, Chief Economist at CoreLogic, explains:

“Persistent home price growth has continued to fuel home equity gains for existing homeowners who now average about $315,000 in equity and almost $129,000 more than at the onset of the pandemic.”

Here’s why this can be such a game-changer when you sell. You can use that equity to put down a larger amount on your next home, which means financing less at today’s mortgage rate. And in some cases, you may even be able to buy your next home in cash, avoiding mortgage rates altogether.

The bottom line? Your equity could be the key to making your next move possible.

Will I Be Able To Find a Home I Like?

If this is on your mind, it’s probably because you remember just how low the supply of homes for sale got over the past few years. It felt nearly impossible to find a home to buy because there were so few available.

But finding a home in today’s market isn’t as challenging. That’s because the number of homes for sale is growing, giving you more options to choose from. Data from Realtor.com shows just how much inventory has increased – it’s up almost 30% year-over-year (see graph below):

And even though inventory is still below pre-pandemic levels, this is the highest it’s been in quite a while. That means you have more options for your move, but your house should still stand out to buyers at the same time. That’s a sweet spot for you.

It’s important to note, though, that this balance varies by local market. Some places may have more homes for sale than others, so working with a local real estate agent is the best way to see what inventory trends look like in your area. 

Bottom Line

If you’re thinking about selling, hopefully these concerns haven’t kept you up at night. With this information, you should realize you don’t have to let the what-if’s delay your move anymore.

Connect with a local agent so you have the data and the local perspective you need to move forward.

More Homes, Slower Price Growth – What It Means for You as a Buyer

Listed on Listed by MLS#
Beds Baths Sq.Ft.
<?php $category_links = array(); foreach ($categories as $category) { $category_links[] = 'term_id)) . '" style="color: #666; text-decoration: none;">' . esc_html($category->name) . ''; } echo implode(', ', $category_links); ?>
Share: <a href="https://facebook.com/sharer/sharer.php?u=" target="_blank" rel="noopener noreferrer" style="margin-left: 10px; color: #666;"> <a href="https://twitter.com/intent/tweet?url=&text=" target="_blank" rel="noopener noreferrer" style="margin-left: 10px; color: #666;"> <a href="https://www.linkedin.com/shareArticle?mini=true&url=&title=" target="_blank" rel="noopener noreferrer" style="margin-left: 10px; color: #666;"> <a href="mailto:?subject=&body=" style="margin-left: 10px; color: #666;">
ID, 'property_price', true); $beds = get_post_meta($post->ID, 'property_beds', true); $baths = get_post_meta($post->ID, 'property_baths', true); $sqft = get_post_meta($post->ID, 'property_sqft', true); $mls = get_post_meta($post->ID, 'property_mls', true); ?>
<input type="number" id="property_price" name="property_price" value="" style="width: 100%;">
<input type="number" id="property_beds" name="property_beds" value="" style="width: 100%;">
<input type="number" id="property_baths" name="property_baths" step="0.5" value="" style="width: 100%;">
<input type="number" id="property_sqft" name="property_sqft" value="" style="width: 100%;">
<input type="text" id="property_mls" name="property_mls" value="" style="width: 100%;">
<?php } // Save property meta data function bhhs_save_property_meta($post_id) { // Check nonce if (!isset($_POST['bhhs_property_details_nonce']) || !wp_verify_nonce($_POST['bhhs_property_details_nonce'], 'bhhs_property_details')) { return; } // Check autosave if (defined('DOING_AUTOSAVE') && DOING_AUTOSAVE) { return; } // Check permissions if (!current_user_can('edit_post', $post_id)) { return; } // Save meta data $meta_fields = array( 'property_price', 'property_beds', 'property_baths', 'property_sqft', 'property_mls' ); foreach ($meta_fields as $field) { if (isset($_POST[$field])) { update_post_meta($post_id, $field, sanitize_text_field($_POST[$field])); } } } add_action('save_post', 'bhhs_save_property_meta');

There are more homes on the market right now than there have been in years – and that could be a game changer for you if you’re ready to buy. Let’s look at two reasons why.

You Have More Options To Choose From

An In certain markets, the number of available homes has not only bounced back to normal, but has even surpassed pre-pandemic levels. In those areas, home price growth has slowed or stalled completely. As Lance Lambert, Co-Founder of ResiClub, explains :

“Generally speaking, housing markets where active inventory has returned to pre-pandemic 2019 levels have seen home price growth soften or even decline outright from their 2022 peak.”

Slower or stalled price growth could give you a better chance of finding something within your budget. As Dr. Anju Vajja, Deputy Director at the Federal Housing Finance Agency (FHFA), says:

“For the third consecutive month U.S. house prices showed little movement . . . relatively flat house prices may improve housing affordability.”

But remember, inventory levels and home prices are going to vary by market.

So, having a real estate agent who knows the local area can be a big advantage. They can help you understand the trends in your community, which can make a real difference in finding a home that fits your needs and budget.

Bottom Line

More housing options – and the slower home price growth they bring – can help you find and buy a home that works for your lifestyle and budget. So don’t hesitate to reach out to a local real estate agent if you want to talk about the growing number of choices you have right now.

More Homes, Slower Price Growth – What It Means for You as a Buyer

Listed on Listed by MLS#
Beds Baths Sq.Ft.
<?php $category_links = array(); foreach ($categories as $category) { $category_links[] = 'term_id)) . '" style="color: #666; text-decoration: none;">' . esc_html($category->name) . ''; } echo implode(', ', $category_links); ?>
Share: <a href="https://facebook.com/sharer/sharer.php?u=" target="_blank" rel="noopener noreferrer" style="margin-left: 10px; color: #666;"> <a href="https://twitter.com/intent/tweet?url=&text=" target="_blank" rel="noopener noreferrer" style="margin-left: 10px; color: #666;"> <a href="https://www.linkedin.com/shareArticle?mini=true&url=&title=" target="_blank" rel="noopener noreferrer" style="margin-left: 10px; color: #666;"> <a href="mailto:?subject=&body=" style="margin-left: 10px; color: #666;">
ID, 'property_price', true); $beds = get_post_meta($post->ID, 'property_beds', true); $baths = get_post_meta($post->ID, 'property_baths', true); $sqft = get_post_meta($post->ID, 'property_sqft', true); $mls = get_post_meta($post->ID, 'property_mls', true); ?>
<input type="number" id="property_price" name="property_price" value="" style="width: 100%;">
<input type="number" id="property_beds" name="property_beds" value="" style="width: 100%;">
<input type="number" id="property_baths" name="property_baths" step="0.5" value="" style="width: 100%;">
<input type="number" id="property_sqft" name="property_sqft" value="" style="width: 100%;">
<input type="text" id="property_mls" name="property_mls" value="" style="width: 100%;">
<?php } // Save property meta data function bhhs_save_property_meta($post_id) { // Check nonce if (!isset($_POST['bhhs_property_details_nonce']) || !wp_verify_nonce($_POST['bhhs_property_details_nonce'], 'bhhs_property_details')) { return; } // Check autosave if (defined('DOING_AUTOSAVE') && DOING_AUTOSAVE) { return; } // Check permissions if (!current_user_can('edit_post', $post_id)) { return; } // Save meta data $meta_fields = array( 'property_price', 'property_beds', 'property_baths', 'property_sqft', 'property_mls' ); foreach ($meta_fields as $field) { if (isset($_POST[$field])) { update_post_meta($post_id, $field, sanitize_text_field($_POST[$field])); } } } add_action('save_post', 'bhhs_save_property_meta');

There are more homes on the market right now than there have been in years – and that could be a game changer for you if you’re ready to buy. Let’s look at two reasons why.

You Have More Options To Choose From

An In certain markets, the number of available homes has not only bounced back to normal, but has even surpassed pre-pandemic levels. In those areas, home price growth has slowed or stalled completely. As Lance Lambert, Co-Founder of ResiClub, explains :

“Generally speaking, housing markets where active inventory has returned to pre-pandemic 2019 levels have seen home price growth soften or even decline outright from their 2022 peak.”

Slower or stalled price growth could give you a better chance of finding something within your budget. As Dr. Anju Vajja, Deputy Director at the Federal Housing Finance Agency (FHFA), says:

“For the third consecutive month U.S. house prices showed little movement . . . relatively flat house prices may improve housing affordability.”

But remember, inventory levels and home prices are going to vary by market.

So, having a real estate agent who knows the local area can be a big advantage. They can help you understand the trends in your community, which can make a real difference in finding a home that fits your needs and budget.

Bottom Line

More housing options – and the slower home price growth they bring – can help you find and buy a home that works for your lifestyle and budget. So don’t hesitate to reach out to a local real estate agent if you want to talk about the growing number of choices you have right now.

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