2025

Las Vegas Market Research Report | Q1 2025

Southern Nevada's economy grew by 3.03% GDP in Q1 2025, but faced challenges with a 3,700 job decrease year-over-year and a drop in commercial and industrial building occupancy from 94.4% to 91.5%. Unemployment was 5.9% in February, home sales declined in Q1, and visitor volume fell 6.5% year-over-year in February 2025. Continue to full article...

LVR Reports More Homes Sold in 2024 Than 2023, at Near-Record Prices

A report by Las Vegas REALTORS® indicates that 2024 saw an increase in home sales compared to 2023, with the median price for existing single-family homes at $475,000 in December, up 5.6% from the previous year. The number of homes available for sale rose significantly, with 4,965 single-family homes listed without offers, a 31.8% increase from last year. Overall, 31,305 properties were sold in 2024,...

Las Vegas home prices drop back as 2024 ends, finishing the year 5.6% higher

Home prices in Las Vegas saw a decline at the end of the year, with single-family homes selling for a median price of $475,000 and condos/townhomes at $290,000. Despite this drop, prices are higher than a year ago, with single-family homes appreciating 5.6% and condos/townhomes 7.4%. The number of homes available for sale has increased, and more homes were sold in 2024 compared to 2023. December...

Hundreds of more homes approved for North Las Vegas

A homebuilder has received approval to develop over 700 homes in a new neighborhood called Village 2 at the Villages at Tule Springs in North Las Vegas. The project includes townhomes and single-family homes, with prices ranging from $340,000 to $550,000. The development will consist of various lot sizes and home designs, contributing to the master-planned community that aims to have over 8,600 homes...

Las Vegas Area Home Prices Uptick 4.3 Percent Annually in March

A report from Las Vegas Realtors indicates that home prices in Southern Nevada remain at record levels, with the median price for single-family homes at $485,000, a 4.3% increase from March 2024. Condo and townhome prices rose 8.5% to $306,495. Listings for single-family homes increased by 63%, while condo and townhome listings rose by 86.9%. Sales activity is recovering, with a total of 2,712 sales in...

Vegas home prices show stability in 2025’s first quarter

Las Vegas valley home prices remain at record highs, with the median price for a single-family home at $485,000 and condos or townhomes at $306,495 in March. Buyers are enjoying a larger inventory and lower interest rates, while sellers benefit from the area's popularity as a relocation destination. However, there is growing uncertainty regarding the impact of new tariff policies on building supply...

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