Population: 651,319 (latest estimate by the U.S.
Unemployment Rate: 9.6% (latest estimate by the Bureau Of Labor Statistics) Rental Vacancy Rate: 2.8% (-3.4% year over year)ĭelinquency Rate: 6.0% (-2.0% year over year) Median Days On Market: 16 (-29.7 year over year)
Weeks Of Supply: 6.8 (-5.5 year over year) Median Home Value (1-Year Forecast): +19.5% Las Vegas Real Estate Market 2021 Overview As a result, local real estate investors have shifted their exit strategies from short-term flips to long-term holds that can take advantage of new market indicators. Several months behind on inventory, local prices will continue to appreciate for the foreseeable future. It is worth noting, however, that demand is greatly outpacing supply in the Las Vegas real estate market. Perhaps even more importantly, demand remains intact thanks to increasing optimism, lower interest rates, and savings accounts that were padded with government stimuli and more than a year of being locked indoors. Even as uncertainty continues to spread in the wake of the Coronavirus, the median home value in Las Vegas tests new highs each month. The Las Vegas real estate market entered into 2021 firing on all cylinders. Jump To Another Year In The Las Vegas Real Estate Market:
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