AUGUST 2024 Las Vegas Real Estate Market UPDATE

What's happening in the Las Vegas Housing Market in August 2024 and what do the numbers mean?

In our August 2024 Las Vegas Real Estate Market Update, we discuss the Las Vegas housing, including:

-are interest rates finally softening?
-increasing inventory
-how Midtown Las Vegas is changing the face of Las Vegas' Arts District

All statistics provided by the Las Vegas Association of Realtors

Thinking about buying, selling, or investing in real estate?

We pride ourselves in helping our clients realize their real estate goals through great communication, expert negotiation, and genuine service.

Kristen & Steve Thomas
The Thomas Group - Real Broker, LLC
[phone] x 2
BS.146728

0:00 Intro
0:41 Single Family Homes - Median Sales Price
1:31 Single Family Homes - Units Sold
4:53 Single Family Homes - Pending Sales
6:00 Single Family Homes - New Listings
8:13 Single Family Homes - Inventory
14:07 How Midtown is Changing Downtown LV's Arts District
19:39 Condo/Townhomes - Median Sales Price
19:55 Condo/Townhomes - Units Sold
20:11 Condo/Townhomes - Pending Sales
20:40 Condo/Townhomes - New Listings
20:56 Condo/Townhomes - Units Available
21:17 Condo/Townhomes - Months of Inventory

#lasvegasrealestate #lasvegasrealtor #lasvegashomes

[thethomasgrouplv]

Questions? Feel free to call/text [phone] or Schedule a Free Consultation www.TheThomasGroupLV.com
Thanks so much for watching!!

[kenyagrooves]

Im curious as to whether people are concerned about the water shortage in Las Vegas?

[DakotaJaggan]

So u mentioned luxury sales are up and at a record. Is this why the average price of a home is also pushing a record high?

[Flipeezy]

Can you provide more info on the “condotel” investment opportunity in midtown? Location, name, timeline, how to invest?

[abvegas]

2nd generation Las Vegas native here and my guess on the increase of new listings is simply from people leaving. My grandparents moved out here in the 70s and they have told me that we go through these waves of people coming and going every 5 years or so. My guess is that all the people who moved during pandemic have gotten really sick of being here so now they’re going elsewhere. Probably Texas or Arizona lol.