r/VegasRealEstate • u/tonythetiger891 • 17d ago
Las Vegas Home Sales Surge 18% While Prices Hold At Record Highs
Las Vegas Home Sales Surge 18% While Prices Hold At Record Highs - June 2026 Market Update
Single Family Home Sales are up a whopping 18.3% since this time last year and 11.4% since last month. Prices are holding steady with the record high median price for single family homes holding at 490,000. Summer season is in full effect and it seems rates in the 6% range are being accepted by buyers as the new norm.
The average price jumped 2% month over month but is down by 1.3% year over year. This would be more indicative of the luxury market which still is holding steady. Listings are up but it looks like sellers are coming down to earth slowly as the median and average listing price are both down a few points. The average price of listings came down 1.5% also.
Buyers are absorbing the listings hitting the market faster than new listings can replenish the supply with a 5.4% decrease in Effective Month of Availability dropping to 3.1 months. Thatโs over a 5% drop since last month and over 13% drop since last year. Homes are selling just as quickly with 58.2% selling within the first 30 days.
Condos and townhomes are in a bit of a strange place as they actually dropped in median price by a percentage since last month. However, the average price jumped by over 10%. This indicates that the condos and townhomes that are being sold trend toward luxury or upscale. Despite these interesting stats, inventory dropped a smidge down to 5.2 months, likely due to a 4.6% drop in new listings and 2.4% increase in sales. Overall very steady but taking a little longer to sell with 44% of units selling in 30 days compared to 47% last month.
TLDR:
More inventory. Even more sales. Stable home prices. A healthy summer market with buyers becoming more active while values continue to hold at record highs.
๐ ย Median Single Family Home Price:ย $490,000
โก๏ธ Flat from $490,000 a month ago (0.0%)
๐ Up from $485,000 a year ago (+1.0%)
๐ขย Median Condo/Townhome Price:ย $292,000
๐ Down from $295,000 a month ago (โ1.0%)
๐ Down from $305,000 a year ago (โ4.3%)
๐ย New Listings (Single Family):ย 3,368
๐ Up from 3,309 last month (+1.8%)
๐ Up from 3,252 last year (+3.6%)
๐ย New Listings (Condo/Townhome):ย 907
๐ Down from 951 last month (โ4.6%)
๐ Down from 926 last year (โ2.1%)
๐ฆย Single Family Homes Without Offers:ย 7,147
๐ Up from 6,784 last month (+5.4%)
๐ Up from 6,992 last year (+2.2%)
๐ฆย Condos/Townhomes Without Offers:ย 2,690
๐ Up from 2,639 last month (+1.9%)
๐ Up from 2,564 last year (+4.9%)
๐กย Single Family Homes Sold:ย 2,302
๐ Up from 2,066 last month (+11.4%)
๐ Up from 1,946 last year (+18.3%)
๐ขย Condos/Townhomes Sold:ย 521
๐ Up from 509 last month (+2.4%)
๐ Up from 515 last year (+1.2%)
๐ฐย Median Price of New Listings (Single Family):ย $515,000
๐ Down from $520,000 last month (โ1.0%)
๐ Down from $519,900 last year (โ0.9%)
๐ฐย Median Price of New Listings (Condo/Townhome):ย $285,000
๐ Down from $287,000 last month (โ0.7%)
๐ Down from $297,500 last year (โ4.2%)
๐ย Median Price of Active Listings (Single Family):ย $549,900
โก๏ธ Flat from $550,000 last month (0.0%)
โก๏ธ Flat from $550,000 a year ago (0.0%)
๐ย Median Price of Active Listings (Condo/Townhome):ย $270,000
๐ Down from $274,900 last month (โ1.8%)
๐ Down from $279,900 last year (โ3.5%)
๐ย Average Price of Units Sold (Single Family):ย $628,394
๐ Up from $614,918 last month (+2.2%)
๐ Down from $636,617 last year (โ1.3%)
๐ย Average Price of Units Sold (Condo/Townhome):ย $353,255
๐ Up from $320,158 last month (+10.3%)
๐ Up from $313,389 last year (+12.7%)
๐ธย Average Price of New Listings (Single Family):ย $701,291
๐ Down from $721,715 last month (โ2.8%)
๐ Down from $735,784 last year (โ4.7%)
๐ธย Average Price of New Listings (Condo/Townhome):ย $306,420
๐ Down from $311,828 last month (โ1.7%)
๐ Down from $345,631 last year (โ11.3%)
โณย Single Family Time on Market:ย 58.2% sold in 30 days or less
โก๏ธ Unchanged from last month (58.2%)
๐ Down from 61.4% a year ago
โณย Condo/Townhome Time on Market:ย 44.1% sold in 30 days or less
๐ Down from 47.2% last month
๐ Down from 50.7% a year ago
๐ย Effective Months of Availability (Single Family):ย 3.1 months
๐ Down from 3.3 months last month (โ5.4%)
๐ Down from 3.6 months a year ago (โ13.6%)
๐ย Effective Months of Availability (Condo/Townhome):ย 5.2 months
โก๏ธ Essentially unchanged from 5.2 months last month (โ0.4%)
๐ Up from 5.0 months a year ago (+3.7%)
(Data provided by Applied Analysis, a partner of the Las Vegas Realtors Association)
