The Las Vegas Valley is now firmly a buyer’s market for residential real estate, according to a new study.

Redfin estimates the valley has shifted toward a buyer’s market almost more than any other major metro in the country as the number of sellers now outpaces buyers locally by 96.7 percent, up 47.9 percent year-over-year ending August.

The only other metro that has seen a bigger shift from sellers to buyers this year is Denver, and in terms of seller’s markets, Newark, New Jersey, leads that category.

Redfin says there are approximately 13,575 sellers of residential homes currently in the valley as compared with only 6,903 in August of last year. The median home price sits at $443,770, a 1.3 percent increase from August of last year.

The valley finds itself in the middle of a housin

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