“We keep expecting prices to slow down at some point, but it’s not happening yet,” LVR President Brandon Roberts said in a news release.
red hot housing
With land prices accelerating in Las Vegas, home builders are increasingly eyeing rural communities sprinkled around Southern Nevada for potential new projects.
Fewer homes for sale in Pahrump; median list price in February was $340k.
Southern Nevada’s fast-rising house prices set another all-time high in January, as last year’s hot streak carried over to the new year.
U.S. homebuilders’ sales fell to its slowest pace in a year last month, and resales dropped for the fourth consecutive month. And it’s no different in Southern Nevada.