Blue Heron held a ceremonial groundbreaking for Shoreline, an 83-lot housing tract at Lake Las Vegas in Henderson.
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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.
Diverse housing is available for the new $395,000 median purchase price of a home in Southern Nevada.
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.