06/15/2026
Las Vegas Residential Market
Quick-hit numbers (prior week in parentheses • % change)
• New Listings: 1,043 (1,130) ▼ 7.7%
• Back on Market: 190 (219) ▼ 13.2%
• Under Contract (Show + No Show): 815 (787) ▲ 3.6% [353 + 462 vs. 345 + 442]
• Sold (SFR): 815 (438) ▲ 86.1%
• Contingent on Sale: 10 (15) ▼ 33.3%
• 30-Yr Avg Mortgage Rate: 6.57% (6.47%) ▲ 0.10 pt
• Month-to-Date Median SFR Price: $489,950 ($494,000) ▼ 0.8%
What we’re seeing
Inventory eased: new listings fell ~8%, but still stayed above 1,000.
Demand improved: pendings rose ~4%, showing buyers are still active despite higher rates.
Fewer fall-throughs: back-on-market dropped ~13%, a good sign after last week’s spike.
Closings surged: sold count jumped sharply, likely a timing/catch-up week from prior contract activity.
Rates moved higher: 6.57% adds payment pressure and may increase credit/buydown conversations.
Median softened slightly: MTD median dipped to ~$490k, still near the upper end of the recent range.
Fewer contingent chains: contingent-on-sale declined, which may simplify some timelines.
