November 2013

There are 2 blog entries for November 2013.

A warm climate, lush golf courses, exotic casinos and world-class shows – that's Las Vegas. Of course, this thriving metropolis in Nevada is also a wonderful place to find a new home, and not just because of the entertainment options. The city's warm year-round climate and natural desert beauty provide plenty of incentive, as does its excellent school system. Even better, Nevada residents are not required to pay personal income tax, and business owners are exempt from most state taxes, contributing to the city's thriving job market. 

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Current inventory is up but we are still in a sellers’ market, since our current absorption rate is 2.97 months, as of right now I just looked up and there is 9401 single family homes , condos, and Townhomes on the market showing no offers, and last month we sold 3168 properties, making the absorption rate 2.97 months, a balanced market is considered 5-7 months , so we still have a little way to go before we are balanced and a lot to go before we are considered a buyers’ market. I don’t think we are in danger of seeing any substantial price declines for the near future, but I think there will be a chance to get a good property at a good price during the seasonal slowdown, as our market typically heats up in March. Only time will tell if inventory will

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