Things to Consider When Purchasing a New Home Build versus a Resale Home
In Las Vegas, we are currently experiencing a small shortage of resale housing inventory, which has made the expanding new home market increasingly popular. So what does that mean exactly for home buyers today?
Well, a couple years ago a buyer had plenty of options to choose from when it came to selecting a house. They could find homes in the area they wanted and usually at a price point that was within their budget. Now, we’re seeing the opposite, and we are finding ourselves with a lack of resale housing inventory.
However, what Las Vegas does not have a lack of is new home builds. So, how is purchasing a new home (new build/new construction) different than a resale, and which is better? Let me break down some key characteristics to consider.
The Zach WalkerLieb Show: Exploring Skye Canyon
Skye Canyon is an amazing master plan community that, in our opinion, has everything you could want and more! Not only are the houses stunning and all located in gated communities with nearby parks and walking, but the community center and fitness center, Skye Center and Skye Fitness, are hard to beat!
National home equity is falling, but Las Vegas bucks the trend. While U.S. household real estate values dropped $361 billion in Q3 2025 and equity-rich homes declined nationwide, Vegas homeowners maintain strong positions with just 0.5% distressed sales.
Our market's resilience stems from locked-in low mortgage rates (averaging 4%), economic diversification, zero state income tax, and sustainable price growth. Unlike Sun Belt markets experiencing sharp corrections, Las Vegas prices are down only 2% from peaks—a healthy normalization, not a crisis. Local homeowners should feel confident despite concerning national headlines.