In April 2024, Las Vegas witnessed a significant increase in its real estate prices, with condo and townhome values reaching a new peak of $290,000, surpassing the previous record from August 2023. Single-family homes also saw a modest rise, with the median price climbing to $469,000, although this figure still falls below the May 2021 peak by $13,000. According to the latest data from Las Vegas Realtors, the price of condos and townhomes has increased by 7.4% year-over-year, while single-family homes have risen by 9.1%. Despite these price hikes and higher interest rates which have somewhat cooled the market, the overall demand continues to exceed supply in Southern Nevada, contributing to the upward pressure on home values. The Las Vegas real estate market remains dynamic, with a considerable proportion of homes and condos selling within 60 days and a significant number of transactions being conducted in cash, reflecting a resilient yet challenging market environment. #realvegas...