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