Las Vegas, the happening city in US saw a bad hit in real estate prices after the recession of 2009. Now, with more markets opening up, the city that was badly hit in the recession is slowly getting up with a steady increase in housing prices. This was ascertained by Greater Las Vegas Association of Realtors (GLVAR) who was happy about the increase in prices.
GLVAR real estate president Keith Lynman quoted that the real estate market is now fairly steady and that it is beneficial to both sellers and buyers.
Estate agents attribute this surge in pricing to the rise in the demand for upscale homes and a tight supply line. Realtors are positive that the trend should further increase in the coming months with more and more homes to hit the market for renovation. Homebuilders are continuing to flood areas in and around Las Vegas to satisfy demands of the buyers.