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Las Vegas Home Prices, Sales Dip in September as Rates Rise
The median single-family home price in Southern Nevada fell to $470,000 in September, and sales dropped from a year earlier as unsold listings grew, according to Las Vegas Realtors data reported by the Las Vegas Sun.
Stalled Downtown Townhome Project Resumes Under New Owner
Trust Home Builders, which bought the stalled Eastern Avenue Lofts site for $4.8 million in February, has restarted construction and hopes to list its first six townhomes in late October, the Review-Journal reported.
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Las Vegas faces challenges keeping pace with housing demand. This latest report from the Lied Center for Real Estate examines building permit activity in the Las Vegas MSA and compares recent trends with other major Western markets.