August 2023 CLARK COUNTY HOUSING MARKET (almost) MONTHLY REPORT The Effects of Higher Interest Rates You won’t read this in the paper. The RMLS stats for July are in. Let’s get started. Buyer activity levels: The best indicator of buyer activity levels available to us is the weekly report on the number of …
CLARK COUNTY HOUSING MARKET MONTHLY REPORT The Effect of Rising Rates You won’t read this in the paper. The RMLS stats for April are in. Let’s get started. INTRO: It is not news at this point to say the market is in the early stages of a major change and that this change will move …
CLARK COUNTY HOUSING MARKET MONTHLY REPORT The Effect of Rising Rates You won’t read this in the paper. The RMLS stats for March are in. Let’s get started. According to C/Net in an article written by Justin Jaffe April 19,2022 interest rates have risen to 5.27% for a 30 year fixed rate loan. The article …
January 2021 CLARK COUNTY HOUSING MARKET MONTHLY REPORT UNCERTAINTY AHEAD You won’t read this in the paper. The RMLS stats from December are in. Let’s get started. Possible Pivotal Point As of a week ago, buyer activity is following the same path as 12 months ago. Buyer numbers were strong and then leveled off most …
CLARK COUNTY HOUSING MARKET MONTHLY REPORT Highest/Lowest Appreciation Areas You won’t read this in the paper. The RMLS stats for November are in. Let’s get started. Home Values In the past 12 months the average price of a home in Clark County has risen 18%. This means a buyer that purchased a home one year …
CLARK COUNTY HOUSING MARKET MONTHLY REPORT Even Better News for Buyers You won’t read this in the paper. The RMLS stats for October are in. Let’s get started. Prologue In my August report I discussed that while we still had a strong seller’s market, indicators were increasingly suggesting a changing market. The number of buyers …
CLARK COUNTY HOUSING Good News for Buyers You won’t read this in the paper. The RMLS stats for July are in. Let’s get started. The graphs below provide some insight on where the market is and perhaps where it might be headed. Let me summarize. Listing Inventory: During all of 2020, Covid was causing owners …
Market Update as of July 2021 Buyer activity remains strong as shown in the chart below. And at the same time listings remain low. While listings have been slowly creeping upward, they rose 23% since last January, they will now need to double to reach the same levels as this time last year. That is …
CLARK COUNTY HOUSING MARKET MONTHLY REPORT UNPRECEDENTED MARKET CONTINUES You won’t read this in the paper. The November RMLS stats are in. Let’s get started. (….And if you know of someone who would appreciate this information, please feel free to forward this to them or send their email address to me and I will add …
November 2020 CLARK COUNTY HOUSING MARKET MONTHLY REPORT UNPRECEDENTED MARKET You won’t read this in the paper. The October RMLS stats are in. Let’s get started. In 2005 the housing market in Clark County was going pretty strong. I am sure you remember. Buyer activity was heavy and inventory was low. In fact, inventory measured …