Resale totals have fallen the past two months, and available inventory has climbed for three straight months as house prices keep setting all-time highs.
Of course, there are still more than a few signs that Las Vegas’ housing market remains in overdrive, and there’s no way to predict whether sales will keep falling or inventory will keep rising.
When, or how, the buying boom ends is anyone’s guess.
At the end of May, 2,031 single-family homes were on the market without offers, up 11.2 percent from April.
Martinez, of LVR, chalked up the recent fluctuations to “normal seasonal flows” and indicated the market could regain momentum by August or September.