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...
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....
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...
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,...
Sharing expenses with friends or family, like splitting groceries or carpooling, helps reduce costs. Establishing an emergency fund ensures financial security; aim to save 3-6 months of expenses....
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...
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 home sellers who list their homes in the first half of May earn 1.6% more. Homes listed during this period add ~$7K to the sale price....
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...