The market is showing signs of becoming a little more balanced. The median price for a single-family home dipped to about $480,000 in July, down from $490,000 in June.
At the same time, inventory has been increasing, which means buyers have more choices and more negotiating power than they did earlier this year.
But homes are still selling! More than half of single-family homes are going under contract within the first 30 days.
For sellers, this means pricing your home correctly from the beginning is more important than ever. Buyers are watching the market closely and comparing their options.
For buyers, this could be a great time to negotiate on price, closing costs, or other seller concessions.
If you’re thinking about buying or selling in Las Vegas, reach out to me. I’m Lori Galarza with RE/MAX CENTRAL, and I’d love to help you make your next move!