HENDERSON, Nev – The Las Vegas real estate market for middle-class families is balanced, according to one real estate agent. She said home-buyers have an edge in the market because sellers are willing to negotiate.
“It’s a really balanced market right now. The buyers have a little bit of an edge right now with negotiating opportunities,” said Donna O’Brien, realtor with Keller Williams Realty Las Vegas. “If the [interest] rates go down and the Fed lowers it, what’s going to happen is a bunch of buyers are going to pop up on the market and then there’s going to be more competition.”
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O’Brien is helping Courtney Ogle sell her $692,000 home in the Inspirada community of Henderson, which has been on the market for around 20 days. Ogle said it’s been easier to buy a home than sell one.
“It actually went pretty easy,” Ogle said about buying her new home in Summerlin. “I will say that the market is a little bit different now than it has been the last few years in the sense that we’ve refinanced our home during the pandemic. So we have to make a difficult decision as a family to give up our very low interest rate to take on a higher one. But we found the perfect house for us, so we knew we couldn’t miss that opportunity.”…