Dana Gentry

(Nevada Current) Nevada home sellers are holding their own in this buyers’ market, reaping profits slightly above the national average. They’re also holding on to their properties longer before putting them up for sale, in keeping with a nationwide trend.

Las Vegas home sellers saw a median profit of 53% in the third quarter of this year, down from 59.6% a year ago. The typical Las Vegas home sold in the third quarter had been owned for about eight and a half years, according to a new report from ATTOM, a real estate data analyst.

Seller gains in Southern Nevada topped out in the second quarter of 2022 at 81.8%, based on transactions going back to 2008. Profit margins are based on the difference between the purchase and resale price.

The median sale price of a home sol

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