Las Vegas Housing Market

Las Vegas Housing Market

Las Vegas Housing Market: Las Vegas named the hottest real estate market for 2018

Las Vegas was named the number one real estate market in the country for 2018. The site based its criteria on the price and amount of existing homes, new home construction, and local economic trends.

“We’ve been number one a lot in the last 15 years but this one list we finally want to be on, you remember we were number one for foreclosures and short sales but now were the number 1 hottest market to look forward to,” said Greater Las Vegas Association of Realtors President, Chris Bishop.

Homes across the valley are flying off the market. 2017 was the 3rd best year for real estate sales in the Valley and realtors predict this year will be even better. Bishop said it’s a great time to live and own a home in Las Vegas.

People are back to work, they’re spending money the economy here is fantastic the nightlife is great, everywhere you go in Southern Nevada there is development happening. Experts believe the hot housing market means demand is high, but supply is limited.

:as Vegas Housing Market

Low inventory is going to be the biggest issue that buyers are going to have in 2018 so if you’re out to buy that first time home you may have to offer on a few houses to get the one you want,” he said. Buyers will most likely face competition when they make an offer to find a good agent and be prepared.

Buyers should be prepared and make sure to  have your approval letter in place, know how you’re going to pay for the property if you’re getting a loan do you understand the loan program, the more likely you are to get presented in a good light to the seller. It is a seller’s market so if you’re thinking about listing your home now is a great time.

A lot of  buyers are out there just wanting to get into a property. Home prices are rising, but does that mean we’re heading toward another housing bubble? Realtors like Tim Kelly Kiernan believe the market tends to go up and down they’re optimistic we’ve already seen the worst of it. “I don’t think what happened in 2008 will ever happen again a lot of that had to do with the mortgages and poorly written mortgages. I don’t think the bubble will happen ever again in our lifetime I don’t see it happening,” he said.

  • CONVENTIONAL LOANS Giving you a low down payment, a great rate and a head start on your equity
  • FHA LOANS Taking FHA borrowers to a new level with industry-leading government rates and pricing
  • VA LOANS – A hero for our veteran borrowers. Whether you are purchasing a new home or refinancing
  • FIRST TIME HOME BUYERS – We have great alternatives for borrowers looking to purchase with a low down payment

CONTACT US TODAY 702-507-4170 One of the Best Mortgage Brokers in Las Vegas. Helping You Finance Your Dreams!


Leave a Comment

Follow Superior Mortgage Lending on Social Media


Superior Mortgage Lending LLC
NMLS # 372130
Nevada License # 3582
California License # 603K964
Arizona License # 0119906
Utah License # 11892840


Social Media

Contact Us

(702) 507-4170

8867 West Flamingo Road Ste. 200
Las Vegas, NV, 89147