Las Vegas home prices have fallen below the U.S. average for the first time in years, signaling a shift in the local housing market amid rising interest rates and increased inventory, reports the Las Vegas Review-Journal.
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Las Vegas home prices are soaring, outpacing the national average as demand remains high and inventory tight. The city’s robust market highlights a growing trend of rapid real estate appreciation in key urban areas.
Las Vegas is leading the U.S. in home price growth, according to the Las Vegas Review-Journal. Surging demand and limited inventory are driving rapid increases, highlighting the city’s competitive housing market.