10/06/2026
We at www.HomesForSale.Vegas continue to educate about the residential real estate market in Las Vegas. Our goal is to keep our clients informed so they can make better decisions. This month's housing statistics show continued headwinds from high interest rates. The median price of a single family home has dropped to $470,000. Thatβs down $5000 from last month and down from a high of $490,000 in June of this year, which is a 4% decline is just 3 months. Expect this trend to continue as inventory increased to just under 8000 homes available.
There has been very little change in the market for condos. The issue is an aging inventory. For a first-time homebuyer, a condo is a great way to begin building wealth through real estate ownership. The median price stayed at $290,000. Inventory is stable at a 6-month supply. To compare, 2 years ago there was a 2.4-month inventory. There are deals to be had in the condo market for the savvy buyer.
Whether you are buying or selling, it's critical to understand the dynamics of the market you are in. Call us today at 702-750-7599 for a consultation.