Las Vegas is predicted to be a very hot real estate market in 2019, according to realtor.com.
In January, realtor.com® included Las Vegas in its list of “10 Surprising Housing Markets Poised to Rule in 2019.” To come up with their list (which also included Phoenix, Miami and Boston), the group’s research team looked at the number of sales of existing homes and their prices, along with the amount of new home construction in the 100 largest metro areas in the country.
They analyzed “the local economies of each area, along with population trends, unemployment rates, median household incomes, and other factors.”
Based on their analysis, the group stated that Las Vegas is one of several real estate markets where both the number of home sales and prices are expected to jump in 2019, bucking the national slowdown trend.
We also forecast that the Las Vegas real estate market will outperform the nation as a whole in 2019, in terms of home-price appreciation.
Las Vegas is still a strong and active real estate market. And it will likely remain that way for the foreseeable future. We expect home prices in this market to rise more than the national average in 2019. Given the current supply-and-demand situation in the area, it would not be surprising to see the median home value in Las Vegas climb somewhere between 6% and 8% during 2019.
Are you searching for your dream home in the Greater Las Vegas Valley? Looking to sell your existing home?
Then contact Rick Edwards and let’s get started today. Rick will get you results!