Las Vegas Buyer's Market

Is it still a buyer's market in Las Vegas? Absolutely it is! But whats strange about the Las Vegas Real Estate Market are what we are seeing with bank owned homes price below $225K? Would you believe that there are multiple offers? I have a few clients that are looking to purchase a Las Vegas Home for under $200K and every home that they have liked so far had at least 3 offers?

So yes we are in a buyer's market, but we are also seeing buyers bidding higher than list price to purchase a Las Vegas Home. If someone would have told me that the Las Vegas Real Estate Market would be like this 6 months ago, I would have never have believed them.

If this continues in this price range, you can expect Las Vegas home prices to creep back up if demand continues for homes in this price range. My advice, if you are thinking about buying a home in Las Vegas, don't hesitate, start looking now!