The real estate market here in Southern Nevada had been so poor for so long that short sales and foreclosures were the norm. Now there is equity in Las Vegas real estate. Last month 55% of existing home sales were traditional sales, meaning the sellers sold for a profit. This is the first time this has happened since 2008. For someone contimplating on selleing a home, now is the time. Buyers are buying because interest rates remain low and they are afraid prices will continue to rise, so they want in now. If prices do continue to rise many buyers will be priced out of the market and we may begin to see a retreat in prices again which will also mean more inventory. To see where you stand on your homes value, click here for a free report, emailed directly to you.
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