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June 6, 2026Las Vegas Home Prices Just Hit a RECORD High! June 2026
Las Vegas Home Prices Just Hit a RECORD High! June 2026
Welcome to the June 2026 issue of our monthly market update for Southern Nevada. In this issue we will be going over May 2026 numbers.
🔥 The median price of a single-family home hit an ALL-TIME HIGH of $490,000 in May 2026, jumping $16,125 from April!
But here’s the twist… 🤔
📉 Home sales were DOWN
📉 New listings were DOWN
📈 Homes on the market without offers were UP
So, what’s really happening? Is this just a fluke? Are luxury home sales pushing the median price higher? We’ll break down the data and explain what it means for both buyers and sellers.
💰 Buyers, don’t panic! We still believe NOW is a GREAT time to buy. Inventory remains healthy, homes are taking longer to sell, and many sellers are experiencing fatigue and are ready to negotiate. This creates opportunities to:
✅ Get a lower purchase price
✅ Negotiate closing cost assistance
✅ Find motivated sellers willing to make a deal
🏗️ We’ll also cover the latest NEW HOME BUILDER INCENTIVES for June 2026 and show you which builders are offering the best deals right now.
🎲 Plus, find out who won last month’s famous Rob vs. Ang Market Bets! 😂
📍If you’re thinking about buying, selling, or investing in Las Vegas, this is a livestream you won’t want to miss!
MARKET TRENDS
There were 2,066 single-family houses that sold in May which is down 2.1% from the previous month and down 1% from prior year.
May 2026 – 2,066 Closings
May 2025 – 2,087 Closings
May 2024 – 2,401 Closings
May 2023 – 2,316 Closings
May 2022 – 2,907 Closings
May 2021 – 3,189 Closings
The median sales price of previously owned single-family homes, went from $473,875 to $490,000 a $16,125 decrease in median price, which is up 3.4% from the previous month and up 2.1% from the prior year.
May 2026, the median price of previously owned single-family homes was at $490,000.
May 2025, the median price of previously owned single-family homes was at $480,000.
May 2024, the median price of previously owned single-family homes was at $473,000.
May 2023, the median price of previously owned single-family homes was at $442,120.
May 2022, the median price of previously owned single-family homes was at $482,000.
May 2021, the median price of previously owned single-family homes was at $385,000.
CONDOS
The median sales price of condos and townhomes for May went from $290,000 to $295,000, a $5,000 increase in median price, which is up 1.7% from the previous month, but down 3.9% from the prior year.
May 2026, the median price of condos and townhomes was at $295,000.
May 2025, the median price of condos and townhomes was at $307,000.
May 2024, the median price of condos and townhomes was at $295,000.
May 2023, the median price of condos and townhomes was at $275,000.
May 2022, the median price of condos and townhomes was at $285,000.
May 2021, the median price of condos and townhomes was at $205,000.
SIDE NOTE
The all-time high median home sale price for single family homes in Southern Nevada was broken multiple times last year, and currently sits at $488,995 which was last set in November 2025, while the condo and townhome market has dropped substantially from an all-time high that was set in October of 2024 ($315,000) to $275,000 to end 2025.
LUXURY MARKET
There were 170 luxury homes that sold in May for $1 million and over, compared to April’s 157 homes, 13 home increase.
The median sales price in the Luxury Market for May decreased to $1,400,000 and in April that number was $1,425,000. A $25,000 decrease in the median sales price.
MARKET TRENDS
So, for May we had a total of 3,309 new listings, which is down 7.8% from the prior month and down 7.9% from the prior year.
May 2026 – 3,309 new listings
May 2025 – 3,591 new listings
May 2024 – 3,123 new listings
May 2023 – 2,604 new listings
May 2022 – 4,033 new listings
May 2021 – 3,731 new listings
There were also a total number of 6,784 single-family houses listed without offers in May which is up 1.4% from the previous month and up 2.1% from the prior year.
May 2026 – 6,784 listed without offers
May 2025 – 6,646 listed without offers
May 2024 – 3,869 listed without offers
May 2023 – 3,645 listed without offers
May 2022 – 3,570 listed without offers
May 2021 – 2,031 listed without offers
MARKET TRENDS
Which brings us to the housing supply in Southern Nevada, last month we are at 3.3 months of inventory on the market, which is up 3.6% from previous month and up 3.1% from the prior year.
May 2026 – 3.3 months of supply
May 2025 – 3.2 months of supply
May 2024 – 1.6 months of supply
May 2023 – 1.6 months of supply
May 2022 – 1.2 months of supply
May 2021 – .6 months of supply
56.2% of the closings for the month May was on the market 30 days or less, in April this number was at 56.8% and in May 2025, 61.3% of the homes were on the market 30 days or less.
FORECLOSURES – June 2026
REO – 55 in May, 56 in April = 1 decrease
Short Sale – 90 in May, 87 in April = 3 increase
Foreclosure Commenced – 47 in May, 44 in April = 3 increase
Total amount of distressed properties including foreclosure being commenced – 192, last month was 187 = 5 increase from the prior month
NEW BUILDER INCENTIVES – June 2026
Century Communities
Century Communities is having their PURPLE TAG Sales Event. Get $20,000 in FLEX CASH (which can be used towards closing costs, rate buydown or price reductions) on select Century Communities when you use their affiliated lender, Inspire Home Loans. Must go under contract from now until 6/15/2026 and close by 6/30/26.
Lennar Homes
Take Advantage of a Promotional FHA Loan Program with Temporary Buydown on select Lennar Homes, get 1.65% interest rate for the first year, 2.625% the second year, 3.625% the third year, and 4.625% interest rate for year 4-30. Plus get up to $8,000 towards closing costs. Must go under contract from now until 6/14/26 and close by 7/24/26 and finance through Lennar Mortgage.
Richmond American Homes
Richmond American is having their START SMART Event on their Move-In ready Home, where you can pick your savings in the Las Vegas Area and finance through Home American Mortgage Corp.
- FHA 5/1 Adjustable Arm Rate Mortgage – Get 3.75% interest rate for 5 years with a max of 8.75% interest rate at year 6.
- Conventional 7/6 Adjustable Arm Rate Mortgage – Get 3.99% interest rate for 7 years with a max of 8.75% interest rate at year 8.
Must go under contract from now until 6/10/26 and close on or before 7/31/26.
Taylor Morrison
Taylor Morrison is having SPECIALS on select move-in ready homes. In order to take advantage of these savings you will need to use their affiliated lender, Taylor Morrison Home Funding.
- Conventional 30-Year Fixed Rate – Get 4.99% fixed interest rate on new home contracts entered from now until 6/30/26 and close on or before 7/17/26.
- FHA 5/1 Adjustable Arm Rate Mortgage – Get 3.75% interest rate for the first 5 years, starting in year 6, the rate will adjust every 6 months based on index changes. Must go under contract from now until 6/31/26 and close on or before 7/31/26.
- Save up to $50k – Taylor Morrison is offering up to $50k flex cash on towards options on select homes regardless of who you finance with or if you pay cash. Must go under contract from now until 6/31/26 and close on or before 7/31/26.
ROB & ANG BETS
MEDIAN SALES PRICE
Rob said $1,000 decrease*
Ang said $5,200 decrease
Damian said $5,000 increase
Actual # $16,125 increase
Damian won this!
WITHOUT OFFERS
Rob said 6,700
Ang said 6,800
Damian said 6,500
Actual # 6,784
Ang won this one!
MONTHS OF SUPPLY
Rob said 3.4 months
Ang said 3.2 months
Damian said 3.3 months
Actual # 3.3 months
Damian won this one!
If you’re considering buying or selling a home in the Las Vegas Valley, please don’t hesitate to reach out to me. I’ll get back to you personally and promptly. Thanks for visiting!
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Angela O’Hare
Favorite Las Vegas Realtor
REAL Broker LLC at Urban Nest
Lic. #180246
702-370-5112
[email protected]
www.neighborhoodsinlasvegas.com
