june 2023

Las Vegas Market Report – June 2023

What really happened in the housing market in June 2023?

After increasing gradually for a couple of months, it looks like local home prices have hit a plateau – at least for now.  The number of homes being sold and available for sale was also remarkably similar from May.  Home builders are doing what they can to bring more homes to the market, but we will need more homes available to sell.  Our inventory shortage is counteracting any negative response to the higher interest rates right now.

Median Home Price

$440,990  -8.1% from June 2022

Homes Sold

2,263  -14.1% from June 2022

Homes Without Offers

3,680  -36.0% from June 2022

Homes Sold Within 30 Days

65.5%  -20.5% from June 2022