Story perspectives
Las Vegas Home Sales Plummet Amid Rising Prices
9/3/2025
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Story summary
- Las Vegas home sales decreased by 23% in July 2025 due to high prices and mortgage rates.
- Nationally, new single-family home sales dropped by 8.2% during the same period.
- Housing inventory in Las Vegas rose by 31% year-over-year, influenced by affordability issues and reduced tourism.
- Luxury home sales surged by 47% in early 2025, aided by new developments like Ascension.
