Nevada
Home prices keep climbing in Southern Nevada. An expert answers the question, will this continue?
LAS VEGAS (KTNV) — 2025 has kicked off the new year with record home prices and lots of properties up for sale across Southern Nevada.
According to a new report by Las Vegas REALTORS, the median home price of a single family home sold in January was $485,000. That’s up 9% from January 2024.
This breaks the previous record of $482,000 set back in May 2022.
The median price for condos and townhomes sold for $293,000 — another increase that’s 6.5% from a year ago.
▶ Related Here’s how the LA wildfires will affect Las Vegas’ housing market
We are all wondering, will this trend continue?
To get you the answer, I asked an expert — Bob Hamrick, the CEO of Coldwell Banker Premier Realty Las Vegas.
Tricia: What are you seeing in the next five years overall in terms of real estate for Southern Nevada?
“Well, Tricia, I think for the example to be during a time when interest rates are as significantly high as they are, for us to continue to see appreciation, it definitely speaks to the resiliency of our marketplace and the belief that our momentum is going to continue,” Hamrick said.
“I’m a big believer in that as well. We do not have the number of homes necessary for the number of people that are looking to move to Las Vegas and the growth that we’re anticipating. So, I do believe that now is the best time to buy if you’re in the market because it’s likely to continue to move up.”
Real estate experts say because of high interest rates, almost 29% of homes sold in January were cash offers.
▶ Watch Are you thinking of buying a home in Las Vegas? Here’s what you need to know
Are you thinking of buying a home in Las Vegas? Here’s what you need to know
Connect with Tricia Kean on social media
More local news on Channel 13
IT Administrator for Extension, Northern Area
LAS VEGAS (FOX5) — An offender within the Nevada Department of Corrections system has died from a stabbing, officials said.
According to a press release from NDOC, Dylan Walters, 33, died at University Medical Center on Oct. 27. He was serving 16 to 40 months at High Desert State Prison for attempted grand larceny.
Officials said he came to NDOC on April 18 last year from Clark County. According to the coroner, he died from multiple stab wounds, and his manner of death was ruled as a homicide.
,
Copyright 2025 KVVU. All rights reserved.
Missouri Democrats criticize Gov. Kehoe’s response to food stamp funding crisis
Montana’s congressional delegation pushing back on plan to import Argentina beef
USC Trojans’ Three Keys To Victory For Bounce-Back Win Over Nebraska
Ivan Chernov | College of Agriculture, Biotechnology & Natural Resources
N.H. Dems criticize Ayotte for not joining suit over SNAP benefits
Florida High School Football Rankings: Top 25 teams – Oct. 21
How old is Bo Nix? What to know about Oregon quarterback ahead of 2024 NFL Draft
Cleary's 21 help Le Moyne down Central Connecticut State 69-64 in OT
99th annual Pony Swim held in Virginia
Video: ‘It Didn’t Have to Happen This Way:’ U.Va. Faculty Call for Review of Police Response to Protests
Video: Mamdani Leads in Latest Polls
Fox News Politics Newsletter: 2025 Election Day survival guide
Merz urges deeper ties with Turkey despite disagreements on Gaza
Trump says he wants to resume nuclear testing. Here’s what that would mean
Tracking U.S. Military Killings in Boat Attacks
-
New York1 week agoVideo: How Mamdani Has Evolved in the Mayoral Race
-
News1 week agoVideo: Federal Agents Detain Man During New York City Raid
-
News1 week agoBooks about race and gender to be returned to school libraries on some military bases
-
News1 week agoVideo: Driver Crashes Car Into Security Gate Near White House
-
News1 week agoVideo: Inside Our Reporter’s Collection of Guantánamo Portraits
-
Politics1 week agoHunter Biden breaks silence on pardon from dad Joe: ‘I realize how privileged I am’
-
Politics1 week agoJack Smith defends subpoenaing Republican senators’ phone records: ‘Entirely proper’
-
World1 week agoTrump to host NATO chief at White House as Putin meeting collapses