Nevada's economy faces mixed growth with a 5.8% unemployment rate, highest in the US, and Las Vegas-Paradise MSA at 5.9%. Employment in leisure and hospitality declined recently. Over $4bn from the Infrastructure Investment and Jobs Act aims to boost construction, though private commercial projects are cautious. Key challenges include labor shortages, material supply delays, and lengthy permitting...
May 2025
In 2024, Southern Nevada saw a total of 31,305 homes, condos, and townhomes sold, up from 29,069 in 2023, marking a recovery from the lowest sales since 2008. The median sales price for single-family homes rose to $475,000 in December, a 5.6% increase from the previous year. The year ended with 4,965 single-family homes and 1,763 condos and townhomes listed without offers, reflecting significant...
Las Vegas-Henderson-North Las Vegas Metro rent prices are forecasted to ↑ 7% in 2025. The median rent in Las Vegas Metro is expected to ↑ $137, reaching $2,107....