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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