Southern Nevada Breaks Records in 2020The Median Price for a single family home in Southern Nevada hits a record breaking $345,000 which is up 10.2% from the same time last year. The Median Price for a condo is now $185,000 which is up 4.5% from the same time last year. Inventory levels are down 41.5% with only 4097 single family homes and condos available. This gives the valley a 1.3 months supply of homes. Inventory levels are expected to remain low until March, when the seasonal inventory increases should giv
Nevada 2021 Home Price Forecast“The housing market performed remarkably well in 2020 despite the volatile economic state. While we can expect to see lingering effects of COVID-19 resurgences and subsequent shutdowns in the early months of 2021, vaccine distributions and stimulus actions should revitalize economic activity and keep home purchase demand and home price growth strong.” -Frank Martell President and CEO of CoreLogic