This trend has accelerated during the pandemic, according to industry experts, with home sales in the area reaching their highest level in 14 years. People continue to flock to Las Vegas from more expensive areas, particularly Southern California, putting more pressure on housing demand. Month after month, inventory is depleting and cannot keep up with demand. Sales of single-family homes are up from last year, and prices are reaching new highs. The Las Vegas housing market is on fire in 2022.