Inventory rising in several areas of the country including Vegas

[Robert Adams]

There have been a lot of reports about rising inventory across the country including Las Vegas and Henderson. Just wanted to start a discussion on the topic and get the feedback from the active community here and see what everyone is experiencing.

Rising prices, rising interest rates, affordability are all hot topics and on the radar for future concern....and now rising inventory.

It is important to remember that our inventory has been historically low for a while now so even though it is up and continuing to increase it is still a sellers market (here in Vegas/Henderson) and relatively still low. 

We are however, advising our buyers of these changes and submitting slightly lower offers now that sellers have less offers on the table and there are more listings to choose from.

That is our feedback but interested to hear others feedback. Hope everyone is doing well. Happy Friday!