In April, the average cost of a home in southern Nevada was around $375,000. This is far higher than it has ever been.
The April report from the Las Vegas REALTORS explained that not only are housing prices high right now, but housing supply is extremely low. The report stated, "Local home prices have never been higher while the local housing supply has rarely, if ever, been lower."
The average home prices right now are about 21 percent higher than they were at this time last year. Many experts are blaming the low housing supply and higher demand for homes in the Las Vegas area on the high number of Californians moving into the state.