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Is Las Vegas in a Sellers Market for September 2020?
Dated: September 2 2020
Home sales continue to outstrip supply and the Las Vegas Market has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
The median list price for Las Vegas, NV this week is $394,900 with the market action index hovering around 49. This is an increase over last month's market action index of 47. Inventory has held steady at or around 3,446 homes.
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When you make an offer on a home, part of that offer can include a little show of good faith on your part, in the form of cold, hard cash. Generally, one to three percent of the offer price is