Blog > Per Your Request Here is June Market Update

Per Your Request Here is June Market Update

by vegascapital-com

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The real estate market has been interesting. Currently, we have 6754 active properties for sale last month in June we had 7200 active properties for sale however last year in June of 2019 we had 11,500 active properties as you notice our inventory has been declining.

Despite the high unemployment and the negative outlook on the economy, the number of sellers and the inventory is common to increase this time of the year.

Every year active homes for sales rises during summer months. However, this year due to the covid19 crisis, most of the people have no plans on moving due to the unknown. This is causing a very low inventory and a very low number of homes coming on the market for sale. On the other hand we have seen a massive increase in the number of buyers due to the lowest interest rates in the history of lending. This is causing pieces to go up and multiple offer situations.
If you are looking to sell it’s a great time to take advantage of the high demand and capitalizing on this great opportunity. Also, if you are renting it would be a great time to buy your own home and take advantage of these low-interest rates rather than paying your landlords mortgage.

For a free consultation give us a call 702-530-5844​

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