Yes, Las Vegas prices continues to set records. And no, unlike the mid 2000s, this isn’t a bubble market. I don’t necessarily love it, but we can only help our clients operate in the reality we are in, which is that there are not enough homes and a lot of people want to buy them. For home sellers, it’s great but not necessarily easy, and for buyers it’s tough, but not necessarily impossible.
Las Vegas Realtors reported that the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during March 2021 was $363,000, thus breaking the all-time record in February.
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