Las Vegas Real Estate Market Report – August 2023
Local home prices for single family homes remains remarkably stable, while prices for condos and townhouses reached an all-time high. We can attribute that to the demand for lower-priced housing options exceeding our supply. Mortgage rates are obviously a factor, but we’ve been saying all year, the biggest challenge we face in the local housing market is a very tight housing supply. This presents a good opportunity for those thinking about putting their home on the market.
Median Home Price
$447,435 -0.6% from August 2022
2,009 +0.3% from August 2022
Homes Without Offers
3,881 -1.9% from August 2022