Mortgage Rates:
- 30-year conventional rate today is 6.61%
- 30-year VA rate today is 6.14%
Median Sales Price:
- July: $487,483
- August: $480,000
- Sept: $490,000
New Listings:
- July: 2,068
- August: 2,198
- Sept: 1,910
Median Days on Market Until Sale:
- July: 14
- August: 16
- Sept: 20
Months Supply of Inventory:
- July: 2.8
- August: 3.1
- Sept: 3.1

What does "Months Supply of Inventory" mean?

It represents the number of months it would take to sell all homes currently on the market at the current pace of sales. A balanced market is typically around 6 months of inventory, so a lower number represents a seller's market with limited inventory.

Second In-N-Out Burger Coming to the Strip: The popular burger chain, In-N-Out, is opening a second location on the Las Vegas Strip at the new BLVD development, across from City Center. Occupying 8,000 square feet indoors and 2,000 square feet on a third-floor patio, this will be the largest In-N-Out in the world. No opening date is set, but the BLVD is expected to debut in early 2025, with the restaurant taking up to nine months to complete.

Tropicana Imploded Early This Morning: The historic Tropicana hotel and casino was demolished in a dramatic implosion, marking the end of an era. Though the public couldn’t get close, several news outlets shared footage, with drone shots and fireworks lighting up the scene. Now, the question remains whether the A’s stadium or Bally’s new resort will take its place—only time will tell!

Nevada Ranks Second Most Expensive for Car Ownership: Nevada ranks as the second-most expensive state to own a car, according to Forbes. With used cars averaging $34,859 and full-coverage insurance costing $2,496 annually, only California is pricier. Seven of the top 10 most expensive states for car ownership are in the West, while the Midwest claims five of the least expensive states.

Roller-Skating Coming to the Venetian: This winter, the Venetian will introduce roller-skating at Tao Dayclub, thanks to Flipper’s Roller Boogie Palace. The 3,250-square-foot rink opens on November 17 and runs Thursdays through Sundays, offering skating sessions for $20 an hour or $75 for the day. Skaters can bring their own skates or rent them for the fun.

October Brings Ideal Vegas Weather: After the scorching summer, October in Las Vegas offers nearly perfect conditions. Highs typically range from 87°F at the start of the month to 74°F by the end, with lows cooling between 65°F and 53°F. Record highs include 103°F on October 1, 1978, while nights can get chilly, with record lows as cold as 26°F on October 30, 1971. It's the ideal time to enjoy cool evenings with the windows open, and typically no rain, just clear, sunny skies throughout the month!

Hurricane Milton Approaching: Hurricane Milton is intensifying and we are all keeping an eye on the news. Prayers go out to everyone in Florida and affected areas. If you have family or friends in the affected regions, urge them to prepare and stay safe. Evacuation plans and emergency supplies are critical right now as the storm’s potential impact could be devastating.

That is it for this month! I hope you have enjoyed this month’s newsletter. Have a great day!

Las Vegas, Nevada

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