Current Las Vegas Market Individual Charts
Current Las Vegas Market Report
Market Overview
The 2026 Greater Las Vegas real estate market slipped again in October with sales volume below 2025 levels. Closed sales are now 3.3% behind last year’s closings at this point. The luxury market continues to pull the market forward and is on a record breaking pace.
- the Median price of SFR is flat at $475,000.
- the Average price an SFR closing jumped from $598,390 to $642,282
The gap between the average and median sales price widened this month as the luxury sales remain robust with prices trended higher in general. The luxury market still led the October closings with 143 closings above $1 Million, including 19 above $3 Million.
Overall, the residential market now sits at 7.4 months of residential inventory as the number of listings taken in October were approximately 200 fewer than in September while closings were 200 behind September closings. However, months of inventory vary widely by community with some areas only having 4 months of inventory on the low end and 19 months of inventory on the high end.
Pending units continue dropping as available units increased sharply. Meanwhile, the Over Pricing Index is sitting at 58% with 30% of all available listings have been on the market for at least 90 days without going into escrow. It’s time to work on Seller CMAs to help them understand that supply and demand may not be their friend at this time.
