The Las Vegas Valley luxury home market has seen a 107% increase in average prices from 2019 to 2024, rising from $6.94 million to $14.4 million. Unlike many markets that peaked in 2021-2022, Las Vegas shows steady growth fueled by strong population growth, no state income tax, a thriving tourism scene, limited housing supply, and a strong job market. The luxury market remains a seller’s market with continued, though moderate, growth expected.
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