Routh-Silberman ranks No. 1 among Las Vegas agents with nearly $240 million in volume. Elevated inventory signifies national and local trends influenced by pandemic buying behaviors. The market is not collapsing but undergoing a reshuffling of property ownership, with many sellers reallocating funds rather than abandoning the city. Contrary to reports of an exodus, an influx of residents from California, Oregon, and Washington is observed. Nationally, inventory levels have increased significantly, marking a notable growth compared to the low levels seen in early 2022.
Routh-Silberman emphasized that elevated inventory is a reflection of national and local trends shaped by pandemic-era buying behavior and natural market cycles.
She stated that the current market is characterized by a reshuffling of property holdings and not a collapse, as sellers are reallocating funds within the city.
Routh-Silberman observed that instead of fleeing, there's a mass influx of people moving to Las Vegas from states like California, Oregon, and Washington.
Realtor.com and Altos Data show Las Vegas and the entire nation experiencing significant inventory growth, contrasting with the earlier low-inventory trough in 2022.
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