Weekly Market Report : May 5 2022 | Las Vegas Realtors

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This week’s 7 Day Market Update.
The Las Vegas Market is continuing to show great strength and upward trend in regards to pricing. This is driven by many factors but the major contribution to this is the insufficient amount of inventory we have VS the amount of home buyers. Though we are seeing home buyer numbers starting to cool down and one main factor is the recent hike in interest rates, there are still a big number of buyers competing in this market.
Nobody really knows where the market is going to go, there are many predictions that are backed by historical data. We should be focusing on our current state of the economy, this inflation and supply chain issues, will affect or continue to affect all markets. Let’s keep an eye out on that.

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