The number of homes for sale here is climbing at a slower pace than the nation as a whole. There are also fewer homes selling at prices that are higher than the national average. And Las Vegas is home to many large-batch purchases, where the seller and buyers know each other and any price differences are generally small.
“We’re not seeing strong buyer demand — or active buyer demand — but we’re not seeing a market where (buyers) are absolutely shunting every deal out of their way,” said Dennis Smith, a Las Vegas-based real estate broker with RE/MAX Premier Properties.
But plenty of local homebuilders say there is a sense of urgency to move before inventory piles up. That makes them less likely to offer generous incentives for homebuyers.
“You don’t get as many cold calls as in the past,” Smith said.
The reason for that has less to do with strong demand, he said, and more to do with buyers worrying about the rising cost of mortgage interest, making it
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