4 key trends in the Las Vegas Valley housing market — VIDEO

Construction workers build wall during the new construction of LGI Homes at the Intersection of East Lake Mead Boulevard and Dolly Lane in Las Vegas. (Bizuayehu Tesfaye/Las Vegas Review-Journal)

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By Eli Segall / Las Vegas Review-Journal

July 12, 2019 - 4:00 pm

Updated July 13, 2019 - 12:05 pm

The Las Vegas housing market has been cooling down this year. The resale market is seeing fewer purchases compared to 2018 as well as slower price growth and a sharp rise in available listings.

Homebuilders are closing fewer sales because of a drop in purchases of single-family homes. However, they are selling more condos and townhouses, which are typically less expensive.

Las Vegas Review-Journal business reporter Eli Segall sits down with Aaron Drawhorn to discuss four key trends in the Las Vegas housing market.

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