The Greater Las Vegas Association of Realtors reported that there has been a decrease in the number of Las Vegas homes that have been listed since November.

The number of homes that hit the real estate market for sale is usually a good indication of which way the market will go. In the Las Vegas area the number of homes hitting the market continued to climb until recently, and local experts say this is a good thing.

By having the number of people looking to sell their homes decrease, this helps create stability in the market.

Linda Rheinberger, who is President of GLVAR, says that the inventory of homes on the market in the Las Vegas area appears to have peaked, which is a good sign for the local housing market.

Also a good sign for the local market is the continued steady sales prices for single-family homes. When homes prices remain stable, this bolsters the real estate market.

Look for good things to happen in the Las Vegas real estate market in the upcoming year.

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