Nevada
2025 worst year for home sales in Southern Nevada since 2007, report says
Home prices in Southern Nevada dropped from record highs to end 2025 and less homes sold last year compared with 2024.
Approximately 28,498 existing homes sold in the region last year, which is down almost 9 percent from the 31,305 homes that sold in 2024, according to trade association Las Vegas Realtors, which pulls its data from the Multiple Listing Service. This is the lowest number of homes sold in a year in Southern Nevada since 2007 right before the Great Recession.
The median sale price for a house sold in Southern Nevada in December was approximately $470,000, a 3.9 percent drop from November, according to LVR. By the end of December, LVR reported 6,396 single-family homes listed for sale without any sort of offer. That’s up 28.8 percent from one year earlier.
Despite a down year in sales, the local market did end on a high note.
George Kypreos, president of Las Vegas Realtors, said he is optimistic the housing market could turn around this year. The LVR report noted that home sales in Southern Nevada have seen “peaks and valleys” in recent years, generally declining since 2021 when a record 50,010 properties sold.
“Although it was a relatively slow year for home sales, we’re seeing some encouraging signs heading into the new year,” said Kypreos in a statement. “Buyer activity locally and nationally is starting to improve. Home prices have been fairly stable, and mortgage interest rates ended the year lower than they were the previous year. Most trends are pointing to a more balanced housing market in 2026.”
Freddie Mac currently has the average price for a 30-year fixed-term mortgage rate at 6.1 percent. That mortgage rate has not gone below 6 percent since 2022.
The all-time high median home sale price in Southern Nevada was broken multiple times last year, and currently sits at $488,995 which was last set in November while the condo and townhome market has dropped substantially from an all-time high that was set in October of 2024 ($315,000) to $275,000 to end 2025.
Major residential real estate brokerages are mixed as to where the market will head this year as Zillow, Redfin and Realtor.com have all put out their 2026 projections, and they expect a similar market to 2025. Mortgage rates aren’t expected to drop enough next year to unlock the country’s housing market, new builds will continue to lag, and prices will remain relatively elevated.
Realtor.com said in its report that it predicts a “steadier” housing market next year and a slight shift to a more balanced market. Redfin’s report says 2026 will be the year of the “great housing reset,” which means the start of a yearslong period of “gradual increases in home sales and normalization of prices as affordability gradually improves.”
Finally, Zillow said the housing market should “warm up” in 2026 with “buyers seeing a bit more breathing room and sellers benefiting from price stability and more consistent demand.”
Contact Patrick Blennerhassett at pblennerhassett@reviewjournal.com.
Nevada
Winter storm warning blankets parts of California, Sierra Nevada
Accuweather forecast has warmer weather in store from Northeast
It’s finally going to start feeling like spring in the Northeast and, for some, maybe even summer. Bernie Rayno breaks down the forecast.
A winter storm warning is in effect for parts of northern and central California as snowy conditions continue to hit the state, potentially bringing over a foot of additional snow to a region that already saw accumulation this weekend.
The National Weather Service sent out the warning for some elevated mountain areas, including West Slope Northern Sierra Nevada and Western Plumas County/Lassen Park above 4500 feet, and the cities of Chester, Blue Canyon and Quincy.
The alert warns of additional snow accumulations of 12 to 18 inches above 4500 feet, with up to 2 feet at the highest peaks, as well as minor snowfall accumulations of 2 to 4 inches down to 4000 feet. Winds could also gust as high as 45 mph, NWS said.
The warning is set to last through 11 p.m. local time on April 12, with mountain travel highly discouraged as conditions remain slick on the roads, the Sacramento NWS office said.
The potential for additional snowfall comes a day after parts of the state saw multiple inches collect in higher elevations.
The UC Berkeley Central Sierra Snow Lab, nestled in the Sierra Nevada at Donner Pass, reported early April 11 seeing nearly eight inches of snow in its area. With the snow described as wet and dense, the lab also predicted between 18 and 36 inches more accumulation over the night of April 11 and throughout April 12.
The NWS initially launched a winter storm watch alert for the Sierra Nevada mountain range area on April 10, advising of moderate to heavy snowfall over the weekend. The April forecast indicated that certain regions along the Sierra Nevada could receive up to 4 feet of snow and wind gusts as high as 45 mph, according to the NWS.
Northern California also braced for other severe weather this weekend, including potential thunderstorms, brief but heavy rain, erratic winds, hail up to “an inch in diameter,” and a small chance of “weak tornadoes,” USA TODAY previously reported. Other parts of the state saw thunderstorms, lightning, and floods, including in the Sacramento Valley.
Other parts of the United States are expecting a boost in warm weather this upcoming week, including parts of the Mid-Atlantic and Southeast, which could see temperatures hit the upper 80s from Tuesday, April 14, until Thursday, April 16.
Kate Perez covers national trends and breaking news for USA TODAY. You can reach her at kperez@usatodayco.com or on X @katecperez_.
Nevada
Shooting in remote area of Nevada County leaves 1 dead, homicide investigation underway
A deadly shooting in a remote area of Nevada County Saturday afternoon is being investigated as a homicide, deputies said.
The shooting happened around noon on Yellow Pine Lane in the Grainteville Road area, deputies said. This is about 30 miles northeast of Nevada City.
One person died, and their identification has not been released.
A suspect is not in custody, deputies said Saturday evening.
No other details surrounding the incident have been provided and the investigation is ongoing.
Nevada
LETTER: Nevada and the Colorado River negotiations
In your recent editorial on the Colorado River talks, the Review-Journal is right that Nevada deserves fairness in these negotiations. Nevada uses the least water, leads in conservation and re-uses about 85 percent of what it draws.
So why is Nevada being positioned to give more? The Review-Journal makes the case against it, but stops short of addressing how years of prior negotiations have already set a precedent for Nevada to surrender portions of its legal entitlement. Southern Nevada Water Authority General Manager John Entsminger has advanced a plan that reportedly includes surrendering up to 50,000 acre-feet, nearly 17 percent of Nevada’s allocation, while upper basin states face no comparable requirement to improve recycling or reduce structural losses.
There is already plenty of “unfairness” to go around, particularly in how Southern Nevada residents have been expected to shoulder the burden (both financially and environmentally) in the name of “conservation.”
For years, water use reductions tied to Lake Mead levels have been driven in part by hydropower thresholds, while the public narrative has centered on the lake’s visible “bathtub ring” to justify restrictions. It is also worth noting that California benefits significantly from higher reservoir levels. Under the compact, water use within the system, not energy production, is the priority.
Now we are told the state will “fight like hell.” The question is: Why not fight for every drop of Nevada’s legal entitlement?
The editorial also does not address a critical fact: Colorado diverts a significant portion of its Colorado River water across the Continental Divide, sending much of it out of the system entirely. Nevada, meanwhile, returns most of what it uses.
Nevada has the smallest allocation, the highest efficiency, significant amounts of stored water and the infrastructure to access it. Yet its leadership appears to be negotiating as a mediator rather than defending those advantages. “Fighting like hell” for fairness means demanding accountability, not giving more away or allowing more to be taken.
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