While many comment on the fact that fewer homes were sold than a year ago, most are failing to state that a year ago, our market was still seeing unprecedented highs north of 26 percent increase in home prices year over year. This is something we have never witnessed in our lifetime and was not sustainable. So, are we experiencing a decline in home sales from one year earlier? Absolutely we are. Is the sky falling? Absolutely not.
Original article: https://www.reviewjournal.com/homes/homes-columns/real-estate-insights/is-the-sky-falling-in-las-vegas-real-estate-absolutely-not-2762069/
