Housing Prices Surge in Las Vegas and Hudson Valley

The housing markets in both the Hudson Valley, New York, and Las Vegas, Nevada, have seen significant increases in median home prices. In the Hudson Valley, for the first time, all nine counties reported median home prices above $300,000, with Westchester County surpassing $700,000, driven by migration during the pandemic and corporate home purchases. Similarly, Las Vegas hit a record median price of $485,000 for single-family homes in January 2025, up 9% from the previous year, attributed to increasing demand and higher construction costs. The supply of homes for sale in Las Vegas has also increased, providing more options to buyers. Despite the challenges of rising prices, current homeowners benefit from increased equity, while new buyers face difficulties entering the market. The fluctuations in these markets are reflective of broader trends in housing demand and supply dynamics.