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Las Vegas Real Estate Market 2020 Overview

Marco Santarelli

According to the association of local realtors (LVR), July had the most amount of home sales since 2017 with more than 4,000 existing homes sold. In July, the median sales price of previously owned single-family homes, which comprises of the bulk of the Southern Nevada's housing market, increased to $330,000, a year-over-year increase of 8.9

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Phoenix Real Estate Market & Investment Overview 2020

Marco Santarelli

It could only pause sales, which in turn created a huge pent up demand. The Phoenix real estate market has not only recovered after a slump due to COVID-19 but the demand has reached new heights. In July, the median sales price — up 3.3% Ideally, a buyer would prefer a sale to asking price ratio that’s closer to 90%.

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