Coldwell Banker Premier Realty

Low Housing Inventories

A local and national problem
Posted by John McClelland on May 10, 2017 in  housing inventory  las vegas housing market 2017  national housing market
We recently examined for-sale home levels in Las Vegas, as shown in the chart below. Although inventories are not as low as they were in 2013, when investment activity was intense, inventory is historically low. Some submarkets and price ranges are extremely constrained. Based on recent sales levels, months-of-supply in the $150,000 - $250,000 range has fallen below one month. Low inventory is not just a local issue but is noted to be an issue in many U.S. markets. Based on today's levels and increasing p... read more
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If you’re fresh out of college and settling in at your first or second job, homeownership might be out of sight, out of mind. But there’s a lot you can do in your 20s to better position yourself for buying a home when the time is right. You’ve got plenty of company if you’re not ready to house-hunt just yet. Fifty-seven percent of millennials rent because they view it as more affordable or because they think they won’t qualify for a mortgage, according to a 2014 Fannie Mae surv... read more
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  • The latest data print shows transactions increasing meaningfully from last month and year-over-year
  • The price trajectory remains relatively flat
  • Prepare for the spring and summer buying season, one of the best times to list a home for sale

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MARKET STATS So far 2015 is looking a lot like 2014 in terms of closings. Both single family homes and condominiums are very close to 2014 levels between January and May. However, the type of buyer has been shifting with prices ratcheting higher during the past year. Investors now make up a relevant but declining share of closings and the higher prices have likely tempered some first-time buyer interest although low interes... read more
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