Buying A House In Las Vegas 2017 May 2026

: Mortgage rates remained relatively low, providing "cheap borrowing costs" that allowed buyers to manage rising prices.

: This segment saw even sharper appreciation, with median prices rising 20.0% year-over-year by July 2017. buying a house in las vegas 2017

For those looking to compare this historical data with current conditions, detailed monthly reports and historical trends are available through Las Vegas Realtors or tracking tools like the S&P CoreLogic Case-Shiller Index . : Mortgage rates remained relatively low, providing "cheap

The primary challenge for buyers in 2017 was a severe lack of choices: The primary challenge for buyers in 2017 was

: The "effective availability" for homes sat at a tight 1.8 months , while the condo/townhouse market was even more constrained at 1.1 months . For context, a six-month supply is typically considered a "balanced" market. Driving Factors Several economic conditions fueled this "hot" market:

Throughout 2017, home prices in Southern Nevada experienced a steady upward climb:

The Hottest Real Estate Markets of 2017: Who Gained, Who Fell