Overview

• Southern Nevada’s median single-family price fell to $470,000 in September, a $10,000 month-over-month drop to the lowest level since April 2024.
• The median for condos and townhomes declined by $4,000 to $294,000 in September, according to Las Vegas Realtors.
• Listings without offers surged year over year to 7,502 single-family homes and 2,605 condos/townhomes, producing roughly a four-month supply versus about three months a year earlier.
• LVR reported 2,369 existing homes, condos and townhomes sold in September, with single-family sales up 5.2% year over year and condo/townhome sales down 0.2%.
• With 30-year mortgage rates around 6.37% in Nevada, LVR and Redfin say higher borrowing costs and rising inventory are pushing the market toward buyers.