Roller Coaster Market

Whether you’re a home buyer, seller or real estate professional you better hold on tight for the roller coaster ride that is just around the next corner. Housing prices have increased for the majority of this year and bidding wars have emerged. On the other hand housing inventory is down 66.3% from the prior year to just 3,800 available without offers. In May a little over 3,400 homes were sold which is slightly under the current available inventory leading to unsure outcomes for our market. There has been a 7.2 % housing price increase from last month alone and almost 10% increase compared to a year ago. At this point the future of the housing market depends on foreclosures being filed and when they make it to the market. To find out more about this article follow this link and share with us your thoughts on what is in store for the remainder of 2012’s Las Vegas housing market.