Our Honest Review After 6 Months with a Rivian R1S Tri Motor
July 4, 2026Las Vegas Home Prices REFUSE to Fall! July 2026
Las Vegas Home Prices REFUSE to Fall! July 2026
Welcome to the July 2026 issue of our monthly market update for Southern Nevada. In this issue we will be going over June 2026 numbers.
The biggest surprise? 🤯 The median price of single-family homes stayed at its ALL-TIME HIGH of $490,000 for the second month in a row! But there’s much more to the story…
In this live update we’ll cover:
✅ Why home prices are holding steady at record highs 💰
✅ Why closings increased 📈
✅ Why new listings are up 🏡
✅ Why more homes are sitting on the market without offers ⏳
✅ What this means for buyers and sellers right now 🤔
We’ll also discuss why we believe higher-end home sales are helping keep the median price elevated, while many buyers still have incredible opportunities in today’s market.
💥 Thinking about buying? This may be one of the best times to negotiate! Sellers are experiencing fatigue, inventory remains healthy, and many homes are taking longer to sell—creating opportunities to negotiate a lower purchase price, closing cost assistance, and other valuable concessions. 🙌
🏗️ Plus, we’ll go over the latest builder incentives for July 2026, including special financing, closing cost assistance, and other promotions being offered by many of Las Vegas’ top home builders.
😂 And of course… it’s time to settle last month’s friendly competition! Who won the latest Rob vs. Ang Bet? You’ll have to tune in to find out! 🏆
Whether you’re buying, selling, investing, or just love keeping up with the Las Vegas real estate market, this is one live stream you won’t want to miss!
MARKET TRENDS
There were 2,302 single-family houses that sold in June which is up 11.4% from the previous month and up 18.3% from prior year.
June 2026 – 2,302 Closings
June 2025 – 1,946 Closings
June 2024 – 2,093 Closings
June 2023 – 2,293 Closings
June 2022 – 2,668 Closings
June 2021 – 3,543 Closings
The median sales price of previously owned single-family homes remained the same at $490,000 which is flat from the previous month and up 1% from the prior year.
June 2026, the median price of previously owned single-family homes was at $490,000.
June 2025, the median price of previously owned single-family homes was at $485,000.
June 2024, the median price of previously owned single-family homes was at $475,000.
June 2023, the median price of previously owned single-family homes was at $440,990.
June 2022, the median price of previously owned single-family homes was at $480,000.
June 2021, the median price of previously owned single-family homes was at $395,000.
CONDOS
The median sales price of condos and townhomes for went from $295,000 in May to $292,000 in June, a $3,000 decrease in median price, which is down 1% from the previous month and down 4.3% from the prior year.
June 2026, the median price of condos and townhomes was at $292,000.
June 2025, the median price of condos and townhomes was at $305,000.
June 2024, the median price of condos and townhomes was at $295,000.
June 2023, the median price of condos and townhomes was at $275,000.
June 2022, the median price of condos and townhomes was at $280,000.
June 2021, the median price of condos and townhomes was at $216,000.
LUXURY MARKET
There were 204 luxury homes that sold in June for $1 million and over, compared to May’s 170 homes, 34 home increase.
The median sales price in the Luxury Market for June remained at $1,400,000, however the Average Price was at $2,057,620.
.
MARKET TRENDS
So, for June we had a total of 3,368 new listings, which is up 1.8% from the prior month and up 3.6% from the prior year.
June 2026 – 3,368 new listings
June 2025 – 3,252 new listings
June 2024 – 2,819 new listings
June 2023 – 2,617 new listings
June 2022 – 4,674 new listings
June 2021 – 3,860 new listings
There were also a total number of 7,147 single-family houses listed without offers in June which is up 5.4% from the previous month and up 2.2% from the prior year.
June 2026 – 7,147 listed without offers
June 2025 – 6,992 listed without offers
June 2024 – 4,114 listed without offers
June 2023 – 3,680 listed without offers
June 2022 – 5,746 listed without offers
June 2021 – 2,454 listed without offers
MARKET TRENDS
Which brings us to the housing supply in Southern Nevada, last month we are at 3.1 months of inventory on the market, which is down 5.4% from previous month and down 13.6% from the prior year.
June 2026 – 3.1 months of supply
June 2025 – 3.6 months of supply
June 2024 – 2.0 months of supply
June 2023 – 1.6 months of supply
June 2022 – 2.2 months of supply
June 2021 – .7 months of supply
58.2% of the closings for the month June was on the market 30 days or less, in May this number was at 58.2% and in June 2025, 61.4% of the homes were on the market 30 days or less.
FORECLOSURES – July 2026
REO – 49 in May, 55 in May = 6 decrease
Short Sale – 107 in May, 90 in May = 17 increase
Foreclosure Commenced – 48 in June, 47 in May = 1 increase
Total amount of distressed properties including foreclosure being commenced – 204 for June, May was 192 = 12 increase from the prior month
NEW BUILDER INCENTIVES – July 2026
Century Communities
Century Communities is having their STARS & STRIPES Sales Event.
- FHA & VA 5/1 Adjustable Arm Mortgage – Get 3.375% interest rate for the first 5 years and for years 6-30 the rate may vary.
- Conventional 7/6 Adjustable Arm Mortgage – Get 3.875% interest rate for the first 7 years, and from years 8-30, interest rate may vary.
- 30 Year-Fixed Interest Rate at 4.875%
Plus get up to $3,000 towards closing costs on select Century Communities when you use their affiliated lender, Inspire Home Loans. Must go under contract from now until 7/7/2026 and close by 7/31/26.
Lennar Homes
Take Advantage of a Promotional Conventional Fixed Interest Rate on select Lennar Home at 3.99%. Must go under contract from now until 7/12/26 and close by 8/27/26 and finance through Lennar Mortgage.
Pulte Homes
Pulte Homes is having their SUMMER SALES EVENT, save up to $85,000 on select quick move-in ready homes by participating Pulte Homes communities from now until 8/31/26 and close by 10/31/26.
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 7/12/26 and close on or before 9/30/26.
Taylor Morrison
Taylor Morrison is having YOUR TIMELINE, YOUR SAVINGS EVENT 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 Fixed Rate w/ Temporary Buydown – Get 3.99% interest rate for the first year and 4.99% interest rate from years 2-30 on new home contracts entered from now until 7/12/26 and close on or before 7/31/26.
Toll Brothers
For a limited time on select quick move-in homes, Toll Brothers Mortgage Company is offering exclusive 30-Year Fixed Rate with a 2/1 Buydown Program.
For the 1st year get 3.99% interest rate, 2nd year get 4.995% interest rate and from years 3-30 get 5.99% interest rate. Must go under contract on select quick move-in ready homes and close on or before 8/31/26.
ROB & ANG BETS – July 2026
MEDIAN SALES PRICE
Rob said $5,000 decrease
Ang said $7,000 decrease
Damian said $3,000 increase
Actual # Flat
Noone won this!
WITHOUT OFFERS
Rob said 6,850
Ang said 6,800
Damian said 6,750
Actual # 7,147
Rob won this one!
MONTHS OF SUPPLY
Rob said 3.4 months
Ang said 3.3 months
Damian said 3.5 months
Actual # 3.1 months
Ang 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!
Subscribe to our YouTube Channel
Angela O’Hare
Favorite Las Vegas Realtor
KW Las Vegas
Lic. #180246
702-370-5112
[email protected]
www.neighborhoodsinlasvegas.com
