A local realtor cited many factors for the historically low inventory, including interest rates and homeowners renting out their houses instead of selling.
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The median sales price of previously owned single-family homes was $405,000 last month, unchanged from the record high set in July.
Experts have warned of a pending eviction crisis in states across the country, and data indicates Clark County will be faced with one as well.
Las Vegas-area home prices were 30 percent to 34 percent overvalued in the first quarter, highest among the 50 most-populated metro areas in the nation, according to Fitch Ratings.
Buyers picked up 3,189 previously owned single-family homes — the bulk of the market — in May, down 9.6 percent from April but up 87.3 percent from May 2020, a new report shows.
Kristen Routh-Silberman listed a sleek Henderson mansion for $12.5 million early this month, and within days, she said, she was negotiating two offers.
After starting the process to sell Tony Hsieh’s expansive Las Vegas real estate holdings, the late tech mogul’s family has now turned to his property portfolio in a wealthy Utah ski town.
Las Vegas house prices hit another all-time high last month amid plunging supply and despite lingering economic fallout from the coronavirus pandemic.