101°F
weather icon Clear
Las Vegas, NV
Housing

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 ...
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)
More Stories
An "Inside Out 2"-themed property with rooms inspired by the hit Disney/Pixar animate ...
Stay at an ‘Inside Out 2’-themed Airbnb in Las Vegas — PHOTOS
Location of the land that will have 3,000 homes built on it. (Wes Rand/Las Vegas Review-Journal)
More than 3K homes, with trail network, coming near Red Rock Canyon
Is Las Vegas a buyer’s or seller’s market for home sales?
Homes continue to be built about other new lots in the Dusty Rose project as housing constructi ...
New Southern Nevada homes now make up 25% of sales as builders offer incentives
By / 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.

MOST READ
1
A famed chef opens his 6th restaurant on the Las Vegas Strip
A famed chef opens his 6th restaurant on the Las Vegas Strip
2
EDITORIAL: Accountability thy name isn’t Biden
EDITORIAL: Accountability thy name isn’t Biden
3
Haze from California wildfire clouds Las Vegas Valley
Haze from California wildfire clouds Las Vegas Valley
4
‘Boom!’: ‘Tank’ Davis retains belt in vicious fashion at MGM Grand — PHOTOS
‘Boom!’: ‘Tank’ Davis retains belt in vicious fashion at MGM Grand — PHOTOS
5
Fatal crash closes road near 215 Beltway
Fatal crash closes road near 215 Beltway
LISTEN TO THE TOP FIVE HERE
Sponsored By One Nevada Credit Union
Don't miss the big stories. Like us on Facebook.
MORE STORIES
recommend 1
4-star Arbor View linebacker commits to Big 12 school
recommend 2
Las Vegas magician’s rates skyrocket after Magic Castle dustup
recommend 3
Where do the Knights stand salary-cap wise this offseason?
recommend 4
NYC German consulate targeted during night of anti-Israel vandalism
recommend 5
Hundreds of students walk out at Stanford University graduation
recommend 6
Israel’s army to pause daytime fighting on Gaza route to help flow of aid
THE LATEST
 
Where do the richest people in Las Vegas live?
By Patrick Blennerhassett / RJ

A new report from Colliers says a new community has emerged as the top income earning spot in the Las Vegas Valley.