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.

Here Comes I-11: Workers are preparing for a major road project to update panels on 1,075 signs between the Henderson Spaghetti Bowl and the Kyle Canyon Road interchange. This will mark the extension of Interstate 11 for 30.5 miles up to Kyle Canyon, with a $3 million effort expected to take 7-8 months. Eventually, I-11 will stretch from Nogales, Arizona, to Reno.

Hottest Meteorological Summer Ever: Las Vegas recorded its hottest summer on record, with an average daily temperature of 96.2 degrees from June through August. The summer also saw the highest average low temperature of 84.8 degrees and 36 days where temperatures hit 110 or above. Additionally, it was unusually dry, with only .13 inches of rain recorded during monsoon season.

Nevada Leads Nation in Online-Dating Dangers: Nevada ranks as the most dangerous state for online dating due to high instances of identity theft, romance scams, and fraud. Alaska, Georgia, Florida, and Arizona round out the top five, while Vermont ranks as the safest state.

Travel Abroad from Vegas: Las Vegas' Reid International Airport now offers direct flights to 10 international destinations, including cities in Canada, Mexico, El Salvador, Panama City, Ireland, the UK, the Netherlands, Switzerland, Germany, and South Korea. This is the highest number of direct international flights ever from the city.

Supply of Vegas Rentals Outpacing Demand: The vacancy rate for rental properties in Las Vegas is nearly 7%, driving rents down across the city. As 6,000 new units are added by the end of the year, renters are benefiting from lower costs, signing bonuses, and waived fees, despite home prices nearing their all-time highs.

The Strip: Ninth Most Popular U.S. Street: The Las Vegas Strip ranked as the ninth most popular street in the U.S. based on social media activity, with 90,000 Google searches, 1 million Instagram posts, and 233,000 Flickr images. Fremont Street also made the list, placing 18th with notable activity across various platforms.

I hope you enjoyed this month’s newsletter. Have a great day!

Las Vegas, Nevada

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