Las Vegas is experiencing a surge in million-dollar homes for sale, leading to a rise in inventory but also prompting sellers to reduce prices to match market demands. The luxury real estate market in Vegas offers spacious homes with custom finishes at relatively lower prices compared to coastal cities.
Total new property count in Las Vegas rose 5% year over year in July, but that pace has cooled notably from earlier in the year. After a period of rapid inventory growth, the latest figures suggest builder and seller momentum is beginning to taper, mirroring a broader slowdown taking shape in the national market…