Quick Las Vegas Market Outlook for the Summer

The GLVAR recently reported on the continued trend in Las Vegas inventory. They suggested that inventories will remain high for months to come but that the market should also remain stable.
"We're not expecting to see any significant increases in price or sales through
the summer months, but we should still see the kind of stable market we have
experienced lately. As for inventory, this may be the new reality for a while.
The bright side is that prices are holding steady
," said Devin Reiss, president
of the GLVAR.

Trends show an increase of some 300 to 400 new listings per week on average. Agents in the valley continue to pull out the stops to get properties sold.