Forrest's Training & Education

Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview October SFR sales performance was generally flat, but we did not lose ground from last year. However, both condo/townhomes and the luxury market sales gained ground. The financed sales in the $400,000 to $700,000 benefited from strong FHA and VA closings. The … More Greater Las Vegas Real Estate Market Update – November 2023

Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview It seems that August was the only month this year that bettered last year’s performance. In fact, we are on track to have our worst closing year since either 2008 or 2006. But at the time 2006 was a banner year!! Yet, … More Greater Las Vegas Real Estate Market Update – October 2023

Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview Overall, August closed sales very much matched July with condo/townhomes having a stronger month and better year over year performance. 2023 market closings and volume remain approximately 24% off the 2022 market pace while showing signs of a potentially stronger year end … More Greater Las Vegas Real Estate Market Update – September 2023

Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview July results reflect more seasonality that in previous years, combined with high heat and overheated politics – including the Fed – again! So, what about the myth that prices are dropping? It’s not happening! Just review the “Last 25 Months” chart below … More Greater Las Vegas Real Estate Market Update – August 2023

Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview First . . . my numbers are a little different than LVR. They took their snapshot on 7/5/2023 but most agents did not have end of month June closing packages until yesterday or today – so I held off. And some high-end … More Greater Las Vegas Real Estate Market Update – July 2023

Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview It looks like May was exactly what we have been waiting for despite overall closed units being down 32% from last year and closed volume down 35%. We took about 200 more listings while closing over 500 more residential sales than April. … More Greater Las Vegas Real Estate Market Update – June 2023

Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview 2023 continues to be off to an auspicious start! First quarter SFR closings were only 7,435 units, which is 35% behind 2022. Activity and closings were sluggish during all of April. Listings taken and closings were both down, leaving us with 3 … More Greater Las Vegas Real Estate Market Update – May 2023

Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview 2023 continues to be off to an auspicious start! First quarter SFR closings were only 5,443 units, which is 36% behind 2022. However, activity and closings increased during the last half of March. Listings taken and closings were both up, leaving us … More Greater Las Vegas Real Estate Market Update – April 2023

Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview 2023 is off to an auspicious start! January and February closing were only 3,057 units, which is 40% behind 2022 and the worst start to any Greater Las Vegas residential real estate year since 2008. However, activity and closings increased during the … More Greater Las Vegas Real Estate Market Update – March 2023

Current Las Vegas Market Individual Charts Current Las Vegas Market Report Market Overview 2023 is off to an auspicious start! January SFR closing were only 1,329 units, which is 48% behind January 2022 and the worst start to any Greater Las Vegas residential real estate year since 2008. However, it seems that the activity increased … More Greater Las Vegas Real Estate Market Update – February 2023