: Availability tumbled throughout the year. By December, there were only 3,827 single-family homes on the market without offers—a 35.7% drop compared to December 2016.
: A continued influx of new residents, particularly from California , drove sustained demand. buying a house in las vegas 2017
: 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: : Availability tumbled throughout the year
: This segment saw even sharper appreciation, with median prices rising 20.0% year-over-year by July 2017. there were only 3