Las Vegas house prices hit an all-time high in June and sales totals surged from the prior month, a new report says, indicating the market rebounded as locals went back to work.
House-flipping companies like Zillow, Offerpad and Opendoor have temporarily stopped buying homes in Las Vegas because of the spread of coronavirus.
In early 2019 Las Vegas home prices were rising at the fastest rate in the nation. But Las Vegas ended 2019 with some of the slowest-rising prices in the nation. In December, Southern Nevada prices were up 2.6% year-over-year in December, compared to 3.8% nationwide, according to the S&P CoreLogic Case-Shiller index . Phoenix saw a a 6.5% price gain. Charlotte, North Carolina, saw a 5.3% price gain. Tampa, Florida saw a 5.2% price gain. Prices rose just 1% in Chicago and New York. (Las Vegas Review-Journal)