2025 is already shaping up to position Las Vegas as the ultimate refuge for those seeking refuge from high taxes & the threat of natural disasters. As a bonus, Buyers are discovering they can get far more for their money than compared to many major U.S. cities.
New home sales in 2024 were approximately one-third of all homes sold in 2024, with no signs of slowing down in 2025. Today’s buyers prioritize modern, master-planned communities with resort-style amenities. They are willing to wait for the perfect resale home to come on the market or to go with new construction to create a home that meets their expectations. Meanwhile, resale homes needing updating are lingering on the market longer, with many sellers reducing prices to attract buyers to a deal. Cash still reigns supreme, with 87% of home sales above $5M and 44% of home sales above $1M paying cash.
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