Friday, October 30, 2020

Real Estate Market is Spooky for Buyers

Spooky because inventory under $500k is tight and competitive offers are lurking around every corner waiting to outbid the unsuspecting buyer. Boo! Buyers should relax however as the holiday season is ahead and that tends to soften things up a bit. Not that pricing is likely to soften but many buyers stop looking and that can take the edge off a bit allowing buyers and opportunity to get their offer accepted more readily.

Locally the median price of a home in Clark County has breeched the the $400k mark pushing up towards $410k. Analysts are suggested a fairly robust 6-8% growth over the next 12 months. Despite the crazy conditions for buyers real estate is still a strong proposition in Clark County so be patient buyers, your time will come :)

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