A caller Las Vegas Realtors study shows section location prices bounced backmost successful May to deed a grounds high, though less homes changed hands.
LVR reported the median terms of existing single-family homes sold successful Southern Nevada done its Multiple Listing Service during May was $490,000. That’s up 2.1 percent from 1 twelvemonth earlier — topping the erstwhile all-time precocious of $488,995 acceptable successful November 2025.
The median terms of section condos and townhomes sold successful May was $295,000. That’s down 3.9 percent from May 2025 — and good disconnected the grounds precocious of $315,000 acceptable successful October 2024.
“Although single-family location prices deed a caller high-water people successful May, section location prices person inactive been beauteous unchangeable this year,” said LVR President George Kypreos, a longtime section Realtor. “And adjacent though the fig of homes being sold has been reasonably flat, we’re assured the request for homes present successful Southern Nevada remains strong.”
By the extremity of May, LVR reported 6,784 single-family homes listed for merchantability without immoderate benignant of offer. That’s up 2.1 percent from 1 twelvemonth earlier. The 2,639 condos and townhomes listed without offers successful May correspond a 5.1 percent summation from 1 twelvemonth earlier.
LVR reported a full of 2,575 existing section homes, condos and townhomes sold successful May. Compared with May 2025, income were down 1 percent for homes and down 8.9 percent for condos and townhomes. The income gait successful May equates to section lodging proviso of much than 3 and a fractional months. That’s somewhat much proviso than 1 twelvemonth earlier.
The income gait this twelvemonth has been akin to 2025, which posted the lowest yearly income full since 2007. Sales person seen peaks and valleys successful caller years, mostly declining since 2021, erstwhile LVR reported a grounds 50,010 full properties were sold.
Other highlights include:
■ In May, 77.4 percent of each existing section homes and 72.9 percent of each existing section condos and townhomes sold wrong 60 days. That’s down from 1 twelvemonth earlier, erstwhile 81.6 percent of each homes and 76.5 percent of each condos and townhomes sold wrong 60 days.
■ During May, LVR recovered that 21.7 percent of each section spot income were currency transactions. That’s down from 22.8 percent 1 twelvemonth earlier — good beneath the February 2013 currency purchaser highest of 59.5 percent.
■ The fig of distressed income remains adjacent historically debased levels. LVR reported that abbreviated income and foreclosures combined accounted for 0.9 percent of each existing section spot income successful May. That compares with 0.6 percent 1 twelvemonth ago.
■ The full worth of section existent property transactions tracked done the MLS during May was astir $1.3 cardinal for homes and astir $163 cardinal for condos, high-rise condos and townhomes. Compared with 1 twelvemonth earlier, full income values successful May were up 2.5 percent for homes but down 10.5 percent for condos and townhomes.
These LVR statistic see enactment done the extremity of May 2026. LVR distributes statistic each period based connected information collected done its MLS, which does not relationship for each recently constructed homes sold by section builders oregon homes for merchantability by owners.
Las Vegas Realtors (formerly known arsenic Greater Las Vegas Area of Realtors) was founded successful 1947 and provides its astir 15,000 section members with education, grooming and governmental representation. The section typical of the National Association of Realtors, LVR is the largest nonrecreational enactment successful Southern Nevada. Each subordinate receives the highest level of nonrecreational grooming and indispensable abide by a strict codification of ethics. For much information, sojourn LasVegasRealtor.com.
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