The median list price this week for Las Vegas homes is $274,777, according to Nevada Title.
In case you are shopping for a home, the asking price per square foot is $127. Use that number as a benchmark, as opposed to the price, to ensure you are not paying too much for a property.
The Nevada Title report, which came out Monday, says Las Vegas is clearly in a “Seller’s Advantage” market, according to its Market Action Index, which comes from Altos Research. This is because our inventory of homes realistically priced is low, low, low (which comes from yours truly). Know this going into your transaction, no matter whether you are buyers or sellers.
There are a lot of sevens in $274,777, just saying. Sounds like it’s a lucky time to go shopping, this being the shopping season.
((hugs)) BETH Ellyn
The Las Vegas Real Estate Concierge
Managing State Broker, Nevada
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