Blog > January 2023 Market Update
Happy New Year to everyone. The real estate market in Las Vegas, in 2022 and in December 2022.
?In 2022, overall, the market started right out of the gate in a frenzy.
?The overall appreciation in the first five months of 2022 was about 14%.
?In the second half of the year, the government raised the rates up to 7.5%
?The prices went back down to where it was back at the end of 2021.
?The good news is that a lot of experts and lenders are anticipating seeing the rates in the 5% again, as early as April.
?In December of 2022, our inventory was exactly 6,395 houses available for sale.
?In November, we had 7,515 homes available
?In December, we had 1,334 houses sold.
?The medium price for Las Vegas real estate dropped to $415,000.
?In November, it was $425,000
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Mike & Team Tchobanian | Vegas Capital Realty
8860 S Maryland Pkwy, Suite 118 Las Vegas, NV 89123
702-530-5844
info@vegascapital.com
www.vegascapital.com


