{"id":149,"date":"2025-01-07T06:40:39","date_gmt":"2025-01-07T14:40:39","guid":{"rendered":"https:\/\/stand77.biz\/las-vegas-home-prices-end-year-close-to-record-high-as-2024-sales-jump\/"},"modified":"2025-01-16T22:43:45","modified_gmt":"2025-01-17T06:43:45","slug":"las-vegas-home-prices-end-year-close-to-record-high-as-2024-sales-jump","status":"publish","type":"post","link":"https:\/\/stand77.biz\/category\/casino-resorts\/las-vegas-home-prices-end-year-close-to-record-high-as-2024-sales-jump\/","title":{"rendered":"Las Vegas home prices end year close to record high as 2024 sales jump"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p><span class=\"dateline\">LAS VEGAS (KSNV) \u2014 <\/span>Las Vegas home prices ended the year still close to their all-time record as more homes sold in 2024 compared to the previous year, according to a new report released Tuesday.<\/p>\n<p>The median price for an existing single-family home sold in Southern Nevada in December was $475,000, per the industry group Las Vegas Realtors.<\/p>\n<p>That&#8217;s down from November <strong><a href=\"https:\/\/news3lv.com\/news\/local\/las-vegas-home-prices-near-record-high-november-2024-real-estate-realtors-southern-nevada-condos-townhomes-mortgage-rates-interest-listings#\" target=\"_blank\" title=\"https:\/\/news3lv.com\/news\/local\/las-vegas-home-prices-near-record-high-november-2024-real-estate-realtors-southern-nevada-condos-townhomes-mortgage-rates-interest-listings#\" class=\"themeColorForLinks\">when the median price was $480,000<\/a><\/strong>, but up 5.6% from a year ago when it was $449,900. The record median price is $482,000, set in May 2022.<\/p>\n<p>For condos and townhomes, the median price in December was $290,000. That&#8217;s down from November but still up 7.4% compared to a year ago.<\/p>\n<p>New Las Vegas Realtors President George Kypreos said more homes are up for sale and prices have remained steady, benefiting prospective buyers.<\/p>\n<p>&#8220;December is traditionally one of the slowest months of the year for the housing market, and these statistics reflect that,&#8221; Kypreos said in a statement. &#8220;All things considered, I think this month&#8217;s LVR statistics paint a picture of a fairly stable and relatively healthy housing market heading into 2025.&#8221;<\/p>\n<p>A total of 31,305 existing homes, condos and townhomes were sold in 2024, according to Las Vegas Realtors. That&#8217;s up from 2023 when 29,069 such sales were recorded, the slowest year for existing home sales since 2008.<\/p>\n<p>The record for most home sales was set in 2021 when 50,010 total properties changed ownership.<\/p>\n<p>Nearly 5,000 single-family homes were listed for sale without any offers by the end of December, up about 32% compared to a year go. For condos and townhomes, 1,763 units were listed without offers, up more than 55% from December 2023.<\/p>\n<p>Last month, 2,277 existing homes, condos, and townhomes were sold. Compared with December 2023, sales were up 19.3% for homes and just 0.6% for condos and townhomes. <\/p>\n<p>The sales pace in December equals about a three-month housing supply.<\/p>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/news3lv.com\/news\/local\/las-vegas-home-prices-end-2024-near-record-high-real-estate-realtor-southern-nevada-housing-mortgage-interest-rates-condos-townhomes\" marked=\"1\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] LAS VEGAS (KSNV) \u2014 Las Vegas home prices ended the year still close to their all-time record as more homes sold in 2024 compared to the previous year, according to a new report released&hellip;<\/p>\n","protected":false},"author":1,"featured_media":150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[77],"class_list":["post-149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","tag-news"],"_links":{"self":[{"href":"https:\/\/stand77.biz\/category\/casino-resorts\/wp-json\/wp\/v2\/posts\/149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stand77.biz\/category\/casino-resorts\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stand77.biz\/category\/casino-resorts\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stand77.biz\/category\/casino-resorts\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stand77.biz\/category\/casino-resorts\/wp-json\/wp\/v2\/comments?post=149"}],"version-history":[{"count":1,"href":"https:\/\/stand77.biz\/category\/casino-resorts\/wp-json\/wp\/v2\/posts\/149\/revisions"}],"predecessor-version":[{"id":820,"href":"https:\/\/stand77.biz\/category\/casino-resorts\/wp-json\/wp\/v2\/posts\/149\/revisions\/820"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stand77.biz\/category\/casino-resorts\/wp-json\/wp\/v2\/media\/150"}],"wp:attachment":[{"href":"https:\/\/stand77.biz\/category\/casino-resorts\/wp-json\/wp\/v2\/media?parent=149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stand77.biz\/category\/casino-resorts\/wp-json\/wp\/v2\/categories?post=149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stand77.biz\/category\/casino-resorts\/wp-json\/wp\/v2\/tags?post=149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}