Unethical listing agents tampering with MLS data results in incorrect Las Vegas luxury home market reports
One of the biggest mistakes in selling luxury homes is to think that the great median price gains of regular homes apply to Las Vegas luxury home market. So, if the median price of Las Vegas homes is up by 10% they should increase asking prices of luxury houses by the same amount. Doing so leads to failure in selling the house and the reason is ignorance of the market.
In this video, we will show that while the median price of homes that are priced below FHA loan limit has more than doubled, the median price of Las Vegas luxury homes is actually trending down from 2014.
We use official MLS data in or Las Vegas real estate market reports, but doing so, in this case, leads to seriously erroneous results because some unethical listing agents tamper with the sales data in order look like a marketing genius while in reality are inept, we will show you how it is done.
If you don’t like videos or want to download the data, please find the video transcript of overview of the convoluted Las Vegas luxury home market along with all embedded data