Buying A House In Las Vegas 2017 Link

: Builders in Clark County saw a banner year, with 5,762 new-home sales closed through August, an 18.8% increase over the same period in 2016. The median price for new homes reached $342,973 by late summer. Inventory Challenges

: The "effective availability" for homes sat at a tight 1.8 months , while the condo/townhouse market was even more constrained at 1.1 months . For context, a six-month supply is typically considered a "balanced" market. Driving Factors Several economic conditions fueled this "hot" market: buying a house in las vegas 2017

: Availability tumbled throughout the year. By December, there were only 3,827 single-family homes on the market without offers—a 35.7% drop compared to December 2016. : Builders in Clark County saw a banner

The primary challenge for buyers in 2017 was a severe lack of choices: For context, a six-month supply is typically considered

: A continued influx of new residents, particularly from California , drove sustained demand.