Homebuilding activity dropped sharply in Las Vegas last month amid the pandemic-sparked economic shutdown. But the worst may be over for the local housing market, a new report says.
Search results for:
Las Vegas’ housing market is slowly chugging along, but many buyers have canceled amid skyrocketing job losses, and the sales pipeline has shrunk fast.
Don’t expect a big burst of real estate action anytime soon.
The median sales price of previously owned single-family homes — the bulk of the market — was $310,000 in April, up 3.3 percent from the same month last year.