Current Las Vegas Market Individual Charts
Current Las Vegas Market Report
Market Overview – 2026 Looks Like 2025
The Greater Las Vegas real estate market remain slow but steady dipping only slightly below 2023-2025 closings. Again, the last week or ten days of June 2026 kicked it up a gear or two with closed units being less than 1.0% behind 2025 while sales volume is up 2.2%. The luxury market continued to pull the market forward despite the $3 Million and above sales faltering a bit.
- the Median price of SFR held steady at $490,000.
- the Average price an SFR closing increased $617,176 to $635,486.
The gap between the average and median sales price seems to want to contract and the higher price point sales are flattening out. However, there is still enough leverage in the luxury market closings to pull the median sales price higher at the same time.
The luxury market led the June closings with 220 closings above $1 Million, including 25 above $3 Million.
Overall, the residential market now sits at 4.4 months of residential inventory as the number of listings taken were roughly the same as May while June closings were nearly 200 ahead of May closings. However, months of inventory vary widely by community with some areas only having 2 months of inventory on the low end and 13 months of inventory on the high end.
Pending units are dropping as available units continue to increase. Meanwhile, the Over Pricing Index is sitting at 51% with 25% of all available listings have been on the market for at least 90 days without going into escrow.
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