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 March, up 2.9% from the previous year. Cash sales accounted for 24.6% of total sales, and distressed sales remained low at 1.1%.
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