How Should You Price Your Home in 2019?

For most of 2018, we had a really hot market due to the low inventory in the resale market. In the summer of 2018, we only had approximately 5,000 properties for sale; at that time, if a house was worth $350,000, you could have gotten away with pricing it over market value.

As of today, we have 9,300 properties available. In our current market, if your house’s market value is $350,000, you’ll want to list it at $340,000. Due increases in both our inventory levels and in the competition in the market, you can’t get away with pricing your home over market value.

We’re going to have another great year in 2019, but we don’t anticipate a market frenzy like we saw in 2018. A normal market in Las Vegas usually has around 9,000 homes for sale, and we’re right at that point. This is a normal, healthy market for us.

If you’re looking to buy, our market is also great because there are more options to choose from.
Whether you are thinking of buying or selling your home, feel free to reach out to me directly for a free consultation.