Hopefully my quick start in 2026 is a foreshadowing moment for the local industry. I have had allot of activity with a 150% increase of January of last year in closed transactions. That could just be an anomaly but my pipeline is as full as it has been in at least three years.
Interest rates have relaxed just enough to get some fence sitters to jump in. Inventory has also risen just enough to give buyers a decent selection. Tight inventory is very difficult on buyers who often feel like they are settling rather than getting their 'dream home'. That can be a real turn off for many.
The entry. level market is giving us no shortage of sub median starter homes. From 2019-2023 it was really hard to find any single family detached, three bedroom, two bath move in ready home under $500k. Today there are hundreds available to buyers and with the downturn in rates they feel even more affordable than the $450k pricing now widely dispersed in the market.
Although the Clark County median home price is still a bit higher than last year the sub median market has widened. There has been a fair amount of mid-tier and high-end homes selling as well and that is keeping the overall median artificially high.
If you are a first time home buyer, the market has definitely moved in your favor. Reach out to an agent and take a look at what's out there, you may be surprised.
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