Existing local home prices have more than doubled since 2016, according to the most recent residential market sales report by Las Vegas Realtors. Today’s median sale price for condominiums and townhomes — $290,000 — is more than 150 percent higher than what single-family homes sold for in July 2016. Years of in-migration, a tight housing supply, limited developable land and low pandemic-era mortgage rates fueled the years of growth.
