Las Vegas Housing Supply Rises 31% As Demand Stumbles, Pushing Sale Prices Down Slightly
(NASDAQ:RDFN) SEATTLE--(BUSINESS WIRE)-- #housingmarket--The total number of homes for sale in Las Vegas rose 31% year over year in July, the biggest increase of any major U.S. metro area and rough...
What are the near‑term implications for Redfin’s valuation multiples and guidance, considering the pressure on sale prices and potential need for higher marketing spend to clear excess inventory?
Is this inventory surge in Las Vegas indicative of a broader softening in the U.S. housing market that could affect Redfin’s performance in other high‑growth metros?
How will the 31% YoY increase in Las Vegas inventory and the 8.6% drop in pending sales impact Redfin’s transaction volume and revenue outlook?
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RDFN
20 days ago