With 2021 coming to a close, it’s time to start making plans for what’s in store for you in 2022.
I was recently asked to do an interview with a local TV station to share my thoughts on what the trends are for the Las Vegas real estate market in the coming year.
Here’s a snapshot of where we are right now in December 2021. The median home price in Las Vegas is $420,000 and shows no sign of slowing down.
Demand for housing is still higher than the available supply for both new and resale homes and will continue to weigh on the market for 2022.
As the market continues to be competitive for home buyers it is putting pressure on the rental market and pushing rents higher across the valley. Even the rental inventory is dwindling despite the sharp increase in monthly rental costs.
Las Vegas is recovering economically and thriving as companies are moving their operations to our city and visitation numbers continue to break records in the hospitality sector. This also includes the influx of out-of-state residents who are setting their sights on moving here to take advantage of the cost of living.
So what does this mean for you? If a fresh start is on your list of goals for 2022, we are ready to help you make the process of relocating to Las Vegas an easy one.
Want to know more? Watch here.