Close

11/03/2020

With Supply Tight, Las Vegas Home Prices Hit All-Time High

The median sale price of existing homes in the Las Vegas area grew to record high $337,250 in September, according to a monthly report from Las Vegas Realtors.

That’s an increase of 9% from September of last year, and a bump of about $2,000 from August.

The median price for September sets a new all-time for the region, though a shortage of inventory has led to an unbalanced market despite near all-time low mortgage rates.

The continued rise of home prices has come despite a global pandemic that has decimated the region’s tourism-based economy.

https://vegasinc.lasvegassun.com/business/real-estate/2020/oct/06/supply-tight-las-vegas-home-prices-all-time-high/

Lux Advisors Sales | Property Management

Call/Text: 702.482.8885 [email protected]

Send
Send