10 Housing Markets Where Bidding Wars Are Disappearing

Share of Redfin listings in this metro that faced competition in:

• October 2022: 26.4%
• October 2021: 44.4%

The housing market is pulling back in a big way in Sin City. In a press release, Brandon Roberts, president of Las Vegas Realtors, says:

“Prices have been going down slightly since we hit our all-time peak in May. We’re seeing more homes on the market, and fewer homes are selling. Through October, local home sales are down about 22% from this time last year.”