Las Vegas’s Housing Market Will Be Unstable in 2023
By TheNevadaGlobeStaff, January 6, 2023 5:27 am
LAS VEGAS, Nev. (702 Times, NV Globe) – The housing market in Las Vegas is expected to be a touch less hot in 2023 than it was for the whole of last year.
According to a recent research by Construction Coverage, Las Vegas has the most erratic housing market of any significant American metropolis.
According to statistics, between the years 2000 and the present, a random house buyer has a 50.2% probability of seeing at least a 5% decline in the value of their new property.
The most recent statistics from Las Vegas realtors show that in November, the median cost of a single-family house was slightly under $430,000.
That is a tiny decrease from October, but it is still up over 2% from a year ago and over 300% since January 2012.
Pittsburgh has the most consistent housing market in the United States, according to a survey by Construction Coverage.
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