The first quarter of 2020 is off to a very strong start in real estate. Average sales price in February rose 4% to $375,828 over January. With low inventory in a majority of areas in Las Vegas and Henderson, we are seeing multiple offer situations for resale listings. Negotiating strategies are key in today’s environment! Call me if you want to know more about what’s happening in the market.
According to Chief Economist, Matthew Gardner, home prices in the area rose by 6.7% compared to the first quarter of 2018 to an average of $310,890.