06/17/2026
The Las Vegas housing market continued its shift toward a more balanced market in May.
Single-Family Homes
Median sold price increased from $473,875 in April to $490,000 in May (+3.4%).
Homes sold dipped slightly from 2,110 to 2,066.
New listings declined from 3,588 to 3,309.
Available inventory increased from 6,689 to 6,784 homes.
Housing supply rose from 3.2 months to 3.3 months.
Condos & Townhomes
Median sold price increased from $290,000 to $295,000 (+1.7%).
Closed sales declined from 533 to 509.
New listings decreased from 1,027 to 951.
Available inventory increased from 2,580 to 2,639 units.
Housing supply rose from 4.8 months to 5.2 months.
What This Means
While prices moved higher in May, inventory continues to build and buyers have more choices than they did earlier this year. Well-priced homes are still selling, but sellers should expect increased competition and longer marketing times compared to recent years.
If you’re curious what these market conditions mean for your home’s value or your buying plans, feel free to reach out.
https://www.powersestates.com/mydata/Monthly_Market_Report_-_May_2026.pdf