This post was written a year ago when Las Vegas was experiencing a serious shortage of homes for sale. Today, November 17th, 2014, we have more options for buyers. The number of homes for sale has climbed to over 10,000 homes listed for sale. The number of homes sold each month has also declined slightly compared to last year.
The current market is still slightly under a 4 month supply. By historical standards, anything less than a 6 month supply favors sellers. It isn't as competitive as it was a year ago but buyers need to be prepared. The advice we gave a year ago is still useful if you want to buy a home that is priced to sell.
After years of gloom and doom for Las Vegas home owners, Las Vegas is now a seller's…