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Las Vegas house prices continue to rise, setting a record for the fifth consecutive month in October.
RENO, Nev. (AP) — A real estate website is ranking Reno among the top 20 least-affordable housing markets in the U.S., with cost-burdened households needing to spend nearly half their income to afford a median home.
Sales of homes in Las Vegas dropped in August, but prices went up.
Las Vegas Realtors reports that the median price of a single-family home was a record $335,000, up 1.5 percent from July and 9.8 percent from August of last year.
Sales were down 12.5 percent from July.
Las Vegas’s housing market is on fire despite the impacts of COVID-19 on our local economy.
RENO, Nev. (AP) — Homebuyer activity remains strong in the Reno-Sparks area, but new listings are down and the active inventory of housing units also is shrinking.
Nevada, particularly Las Vegas, is known for being an affordable place to live.
RENO, Nev. (AP) — Democratic presidential candidate Bernie Sanders has released an online campaign video spotlighting the lack of affordable housing in Reno.
Las Vegas’ realtor association has predicted improved sales this spring
But the Las Vegas Review-Journal reports that resales are still well below 2018 levels, and the number of ignored listings remains much higher than it was a year ago.
Home prices in Southern Nevada continue to climb, but sales are down.
The Case-Shiller index released Tuesday shows Las Vegas’ growth rate was fastest among the top 20 markets in the report.
The average home price in Nevada closed out the year virtually unchanged from the month before, but still 10 percent higher than they were one year ago.
The median sales price of homes in Las Vegas from November has remained flat since the previous month.
The Greater Las Vegas Association of Realtors released its monthly report this week showing the median sales price of a single-family home in Las Vegas was $295,000.
The average sales price of homes in Las Vegas fell slightly for the month of October, although still significantly higher than they were a year ago.
Las Vegas home buyers are choosing more affordable neighborhoods, and sales are slumping in some communities.
On September 12, the New York Times published an interactive feature titled “The
Finding apartments in Reno and Sparks is becoming very expensive.
The greater southern Nevada region has been named the most overvalued housing market in America.
According to a report from Fitch Ratings, home prices in Las Vegas are increasing at nearly twice the rate in the rest of the country.