Las Vegas Valley home prices rise as housing supply shrinks, report says – Fox 5 Las Vegas

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LAS VEGAS, Nev. (FOX5) – The housing market here in the Las Vegas Valley remains pretty tight.

A new report from Las Vegas Realtors shows that prices for homes in November were up slightly from October. The average price of existing single-family homes sold in Southern Nevada in November was $450,000, up 4.4% from $430,990 in November of 2022.

Buy/sell, rent/lease residential &
commercials real estate properties.

However, fewer homes are selling and the available supply is shrinking, the report says.

According to Las Vegas Realtors, this is due to the effect of interest rate hikes over the past couple of years.

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