Las Vegas Home Prices Rebound 6% as California Cash Buyers Return in Droves
Key Takeaways Las Vegas home prices have rebounded by 6%, marking a significant upswing in the real estate market. An influx of cash buyers from California is driving heightened competition and rapid sales. The sustainability of this growth is uncertain, raising questions about potential market overheating or a future correction. California Buyers Reshape Las Vegas Real Estate Dynamics Las Vegas faces a shocking surge as home prices rebound 6%, fueled by an onslaught of California cash buyers sweeping in with unprecedented force. Is the city’s red-hot market on the verge of overheating, or is a painful correction waiting in the shadows? Inventory Surge Sparks Fears of Market Correction Condo prices have soared 8.5% year over year, reaching $306,495 in March, while the number of active listings for single-family properties has jumped 10% in one month alone. The Las Vegas housing market is heating up at a pace that leaves observers anxious about what’s next. Supply and de...