Redfin says Las Vegas’ housing market is cooling faster than any other in the nation

The Las Vegas Valley is cooling faster than any housing market in the country right now, according to a new report from Redfin.

Home sales for June are down 10.2 percent year over year and inventory in the valley is up 44.8 percent, which is the biggest jump out of any of the largest metro regions in the country.

Redfin called the Las Vegas Valley a “pandemic boomtown” in its report, noting that home prices have remained unchanged year over year but homes that sell are seeing a 4 percent drop in pricing. The average time to sell a home in the valley now sits at 51 days, which is 15 days slower than June of last year, well above the national average of 40 days and six days slower than last year for the entire country.

Another Redfin report also found that Las Vegas is third in the countr