Southern Nevada resale homes on market ↑ 37% in August 2025, signaling rising competition for buyers.
Despite more inventory, median sale prices declined slightly compared to previous months.
High construction and labor costs keep new home prices elevated, limiting affordability for local buyers.
Builders face land constraints, preventing significant new home supply increases in Las Vegas Valley.
Elevated mortgage rates in August 2025 continue to weigh on buyer demand across Southern Nevada.
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