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Stacy Sheeley

Is it still a good time to sell your home?

The short answer is “yes.”  Overall, home prices are still up 2% over the same time last year.  They are expected to go back to pre-pandemic levels which are still historically high.  There is Buyer demand – especially for highly desirable homes and in all price ranges. November Market Report Local home prices are starting to look more like they did a year ago.  But we’re certainly in a different place than we were last year, when prices were soaring and setting records.  Of course, as we said at the time, those conditions were unsustainable.  Las Vegas Realtors reported that

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11.22
Stacy Sheeley

What happened in the real estate market in November 2022?

What happened? Local home prices are starting to look more like they did a year ago. But we’re certainly in a different place than we were last year, when prices were soaring and setting records. Of course, as we said at the time, those conditions were not sustainable. Las Vegas Realtors reported that the median price of existing single-family homes sold in Southern Nevada during November was $430,990. That’s down 2% from October, and down from the all-time record price of $482,000 in May. But, the median home price is still up 2.6% from $420,000 one year ago. So what

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