A House In Las Vegas 2017 | Buying

: 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.

: 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

: This segment saw even sharper appreciation, with median prices rising 20.0% year-over-year by July 2017. : Availability tumbled throughout the year