Las Vegas Homes For Sale - Disaster! The US real estate market, particularly in Las Vegas, is experiencing weakened demand due to persistent high interest rates and home prices. With close to 6,000 Las Vegas homes for sale, Las Vegas now ranks as the 11th least affordable housing market in the nation. The median price of the thousands of current Las Vegas homes for sale has dropped to $470,000, down from $480,000 in the prior months. However, there could be a rise in housing demand as thousands of people in Southern California, recently displaced by devastating wildfires, may seek relocation options. This influx of new buyers could shift demand upward, particularly for Las Vegas homes for sale. Additionally, many homeowners who initially overpriced their homes are now reducing their properties to attract buyers, a trend easily observed on popular real estate platforms like Zillow. The abundance of overpriced Las Vegas homes for sale highlights how unaffordable conditions are for sellers to rethink their strategies. As inventory continues to build and affordability remains strained, many Las Vegas homes for sale, regardless if it's a resale home or any of the new Las Vegas homes for sale, are sitting on the market longer, prompting even more price cuts in many instances. The real estate landscape, including Las Vegas homes for sale, has a lot of moving parts right now between high prices and interest rates, economic uncertainty and external events like the recent natural disaster that just happened in California. If you are thinking of buying a home, especially any of the current Las Vegas homes for sale, making a lower than asking price offer or exercising patience are potential options to consider at this time. 🚨 Subscribe to this channel here: 👇👇👇👇👇👇👇 https://www.youtube.com/channel/UCGxdkNfbcDHxOEl-4WZpE4g If you are going to be living in Las Vegas Nevada then this is the channel for you! We tell you what it's like to move to Las Vegas and make videos about Las Vegas real estate every week. We work with clients from all over the U.S. that are relocating here and we ABSOLUTELY LOVE IT! Reach out to us day/night/weekends if you are moving here. We've got your back when moving to Las Vegas. Jerry Abbott NV License # S.0183274 Summit Properties 📲 Text: 702-550-9658 📲 Email: jerry@jerryabbottrealty.com 🚨 Subscribe to this channel here: 👇👇👇👇👇👇👇 https://www.youtube.com/channel/UCGxdkNfbcDHxOEl-4WZpE4g Learn more about Las Vegas, Nevada here: ✅ https://en.wikipedia.org/wiki/Las_Vegas ✅ https://VisitLasVegas.com ✅ https://www.LasVegasNevada.gov ✅ https://vegas.eater.com/ All media clips and articles are publicly available information unless otherwise noted. DISCLAIMER: This video content is intended only for informational, educational and entertainment purposes. Neither Las Vegas Living or Jerry Abbott are registered financial advisors. We have taken reasonable steps to check that the information in this video is accurate but we cannot represent that it is free from errors. Your use of Las Vegas Living's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-mail or SMS) for communications with Las Vegas Living does not establish a formal business relationship.