Market Conditions

August 2023 Market Update

  August  2023 CLARK COUNTY HOUSING MARKET  (almost) MONTHLY REPORT   The Effects of Higher Interest Rates You won’t read this in the paper.   The  RMLS stats for July are in. Let’s get started. Buyer activity levels: The best indicator of buyer activity levels available to us is the weekly report on the number of […]

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April 2022

CLARK COUNTY HOUSING MARKET  MONTHLY REPORT The Effect of Rising Rates You won’t read this in the paper. The  RMLS stats for March are in. Let’s get started. According to C/Net in an article written by Justin Jaffe April 19,2022 interest rates have risen to 5.27% for a 30 year fixed rate loan. The article

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January 2021 CLARK COUNTY HOUSING MARKET  MONTHLY REPORT UNCERTAINTY AHEAD You won’t read this in the paper. The  RMLS stats from December are in. Let’s get started. Possible Pivotal Point As of a week ago, buyer activity is following the same path as 12 months ago. Buyer numbers were strong and then leveled off most

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December 2021

CLARK COUNTY HOUSING MARKET  MONTHLY REPORT Highest/Lowest Appreciation Areas    You won’t read this in the paper. The  RMLS stats for November are in. Let’s get started. Home Values In the past 12 months the average price of a home in Clark County has risen 18%. This means a buyer that purchased a home one year

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November 2021

CLARK COUNTY HOUSING MARKET  MONTHLY REPORT Even Better News for Buyers         You won’t read this in the paper. The  RMLS stats for October are in. Let’s get started. Prologue In my August report I discussed that while we still had a strong seller’s market, indicators were increasingly suggesting a changing market. The number of buyers

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August 2021 Market Report

CLARK COUNTY HOUSING Good News for Buyers         You won’t read this in the paper. The  RMLS stats for July are in. Let’s get started. The graphs below provide some insight on where the market is and perhaps where it might be headed. Let me summarize. Listing Inventory:  During all of 2020, Covid was causing owners

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December 2020

CLARK COUNTY HOUSING MARKET  MONTHLY REPORT UNPRECEDENTED MARKET CONTINUES You won’t read this in the paper. The November RMLS stats are in. Let’s get started. (….And if you know of someone who would appreciate this information, please feel free to forward this to them or send their email address to me and I will add

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November Housing Market Report

November  2020 CLARK COUNTY HOUSING MARKET  MONTHLY REPORT UNPRECEDENTED MARKET You won’t read this in the paper. The October RMLS stats are in. Let’s get started. In 2005 the housing market in Clark County was going pretty strong. I am sure you remember. Buyer activity was heavy and inventory was low. In fact, inventory measured

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