: Builders in Clark County saw a banner year, with 5,762 new-home sales closed through August, an 18.8% increase over the same period in 2016. The median price for new homes reached $342,973 by late summer. Inventory Challenges
The primary challenge for buyers in 2017 was a severe lack of choices:
: Job growth and diversification in the valley strengthened buyer confidence, leading Realtor.com to rank Las Vegas as one of the "hottest" markets of the year.
: Mortgage rates remained relatively low, providing "cheap borrowing costs" that allowed buyers to manage rising prices.
: Builders in Clark County saw a banner year, with 5,762 new-home sales closed through August, an 18.8% increase over the same period in 2016. The median price for new homes reached $342,973 by late summer. Inventory Challenges
The primary challenge for buyers in 2017 was a severe lack of choices:
: Job growth and diversification in the valley strengthened buyer confidence, leading Realtor.com to rank Las Vegas as one of the "hottest" markets of the year.
: Mortgage rates remained relatively low, providing "cheap borrowing costs" that allowed buyers to manage rising prices.
