Nevada faces a supply-demand imbalance in rental housing, driving up living costs, especially in Las Vegas Valley. Rent increased 4.6% recently, with occupancy slightly above the national average. Challenges include high interest rates, material costs, labor shortages, and bureaucratic delays. Population growth demands more housing, urging policy reforms to ease construction and increase land...
May 2025
This day honors the brave men and women who have sacrificed their lives to defend America's freedom.It became an official federal holiday in 1971. Americans observe Memorial Day by visiting cemeteries and memorials....
The Las Vegas Valley luxury home market has seen a 107% increase in average prices from 2019 to 2024, rising from $6.94 million to $14.4 million. Unlike many markets that peaked in 2021-2022, Las Vegas shows steady growth fueled by strong population growth, no state income tax, a thriving tourism scene, limited housing supply, and a strong job market. The luxury market remains a seller’s market with...
Las Vegas housing market shows signs of stabilization with a slight decline in median single-family home prices to $480,000 and condo prices averaging $302,000. Inventory has surged, with single-family home listings up 78% and condos up 91% year-over-year, easing buyer competition. The market now offers over three months of housing supply, indicating a more balanced environment with stable prices and...
In March, Las Vegas home prices rose slightly, with a median listing price of $469.9K, and the price per sq ft increased 0.2%. There were 5,399 homes for sale in Las Vegas, up 7.3% MoM and up 73.8% yearly....
Las Vegas offers diverse real estate opportunities driven by population growth, economic diversification, and infrastructure investment. Key submarkets like Summerlin, Henderson, and Downtown attract residential and commercial development. Success requires local expertise, off-market insights, and on-site evaluations. Amenities like pools boost property value in the hot climate. Long-term strategies...
The median price of single-family homes in Southern Nevada slightly decreased to $480,000 in April, down 1% from the recent high but still over 2% higher than last year. Housing supply surged by 78%, with more than 6,200 homes available without offers. This increase in inventory signals a stable local housing market, providing more options for buyers. Continue to full article...
Las Vegas home prices dipped slightly in April, with the median single-family price down to $480K.Condo and townhome prices followed, averaging $302K, reflecting broader stabilization across housing types....
Home sellers are increasingly offering concessions like repairs and closing cost coverage as the market shifts toward buyers, especially in the Western U.S. About 44.4% of sellers gave concessions in early 2025, near the highest since 2019. Seattle and Portland lead with over 60% of sellers offering concessions due to high mortgage rates, prices, and economic uncertainty. Concessions are common for...