A national increase in the inventory of homes for sale is most pronounced in Las Vegas, where the number of listings without offers is up 77 percent over last year, according to a reportthat asserts retirees are fleeing the valley as homes flood the market.
Washington, D.C. has the second largest spike in inventory (+63.6 percent) followed by Raleigh, N.C. (+56.4 percent), says the report from the National Association of Realtors. Nationwide, the number of homes for sale is up 28.9 percent.
Las Vegas Realtors reported last week that at the end of June, 6,992 single-family homes for sale had no offers, a 70 percent increase from a year ago. The 2,564 condos and townhomes without offers in Southern Nevada account for an 87.6 percent jump over 2024…