We are now in the Hottest part of the Summer here in Las Vegas.
July and August tend to be the Months were locals seek refuge in
Air Conditioned spaces with Cool Drinks and plenty of Shade.
After spending some time in Southern California we drove back to the
Henderson area and were astounded by the amount of traffic
headed back to California on a Sunday afternoon.
Las Vegas continues to be a Top destination despite the on-going
Pandemic as people yearn for entertainment outside of their homes.
Record setting Sales Prices continue to rise as the Median
Price of homes Sold in Southern Nevada hit $325,000 !
This exceeds the previous number of $319,000 in March.
Inventory has increased a bit with distressed sales still
at historically low levels. Per MLS data approximately 80%
of all existing Home Sales were Sold within 60 days on market.
Loan Rates for 30 year mortgages hit an all time low of 2.98%
in what Economists have labeled " a Flight to the Suburbs. "
With so many people working from home the realization
of having a Residence that people can live in long term
that fulfills all their needs is now more important the ever.
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