Namaste Realty Las Vegas and Henderson, NV

Key Highlights

•  Median price of existing single-family homes sold in Southern Nevada in May 2024 was $473,000, up 7.0% from May 2023.

• Median price of local condos and townhomes sold in May 2024 was $295,000, up 7.3% from May 2023.

• 3,091 existing local homes, condos, and townhomes sold in May 2024, up 3.7% for homes and up 0.9% for condos and townhomes from May 2023.

• Local housing supply in May 2024 equates to less than two months, which is similar to one year ago.

• Distressed sales (short sales and foreclosures) remain near historically low levels, accounting for 1.1% of all existing local property sales in May 2024.

Housing/where are the most expensive/cheapest homes in Las Vegas valley

Interesting information on High Rise Condo in Las Vegas

Sharing an article from Las Vegas Business Press

Nevada attorneys made big promises when they pushed for a change to probate law more than a decade ago.

The proposed new way to sell dead people’s homes and settle their finances would speed up cases, reduce burdens on the court and slash costs, they said.

All told, case administrators could act more independently, as court supervision was in many cases “neither helpful nor necessary,” proponents told lawmakers (...)

Click on the photo below to read full article

We're looking forward to even better 2024.