Many people are asking… “what is the Real Estate Market doing in Mesquite NV? Well, I like to say it’s been kind of like being on a ventilator during Covid… It’s not Good! Sept-Dec 2022 was very slow. However starting in 2023, it seems that sales are a bit on the upswing. We are seeing a little more activity with buyers and more homes going Pending. The inventory is still slowly growing and the real estate market is moving more toward a Buyer’s Market, where the Buyers have more control in the negotiations.
Wolf Creek Golf Course taken from Club House
It will be interesting to see where we go from here…
We are seeing fewer and fewer calls from people looking to rent a home while they build a new home in Mesquite NV. Instead we are getting calls from potential buyers that would prefer to lease a home for a year or longer and wait for the Real Estate Market to settle and possibly get a much better price than buying at the top of the market as it the market is going down. We are hearing people say 1-2 years until the want to buy again.
At least it seems that the drama surrounding the Interest rates is coming to a close. Most of the markets have already adjusted for the anticipated rate hikes. This does give us a little more stability and may be why we are seeing more activity.
Written by Brandon Park of Mesquite Realty. Owner/Broker for Mesquite Realty and have lived and worked in Mesquite NV area for 20 years. Give me a call if you want to discuss Buying/Selling or Leasing a Home!
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