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August 1, 2026Las Vegas Housing Market Update – August 2026
Las Vegas Housing Market Update – August 2026
Welcome to the August 2026 issue of our monthly market update for Southern Nevada. In this issue we will be going over July 2026 numbers.
This month, we’re seeing some interesting changes:
✅ Median price for single-family homes dropped $10,000 to $480,000
📉 Home sales (closings) decreased
🏠 New listings also declined
📈 Homes listed without offers increased, meaning inventory continues to grow month after month.
So… what does this mean for the Las Vegas real estate market? 🤔
Are home prices going to continue falling? 📉
Are we finally moving toward a more balanced market? ⚖️
Is now still a good time to buy? 🏡
We’ll explain what we’re seeing in today’s market and why we still believe buyers have a tremendous opportunity right now. With more homes to choose from, longer days on market, and motivated sellers, buyers are negotiating lower purchase prices, seller-paid closing costs, and other valuable concessions. 💰🙌
We’ll also cover:
🏗️ The latest new construction builder incentives for August 2026
💵 Which builders are offering the best deals
🎲 And of course… who won last month’s Rob vs. Ang bet? 😂🏆
If you’re thinking about buying, selling, or simply staying informed about the Las Vegas market, you won’t want to miss this live discussion!
MARKET TRENDS
There were 2,046 single-family houses that sold in July which is down 11.1% from the previous month, but up 1.2% from prior year.
July 2026 – 2,046 Closings
July 2025 – 2,021 Closings
July 2024 – 2,145 Closings
July 2023 – 2,041 Closings
July 2022 – 2,066 Closings
July 2021 – 3,352 Closings
The median sales price of previously owned single-family homes went from $490,000 to $480,000, a $10,000 decrease in median price, which is down 2% from the previous month and down 1% from the prior year.
July 2026, the median price of previously owned single-family homes was at $480,000.
July 2025, the median price of previously owned single-family homes was at $485,000.
July 2024, the median price of previously owned single-family homes was at $480,000.
July 2023, the median price of previously owned single-family homes was at $450,000.
July 2022, the median price of previously owned single-family homes was at $465,000.
July 2021, the median price of previously owned single-family homes was at $405,000.
CONDOS
The median sales price of condos and townhomes for went from $292,000 in June to $290,000 in July, a $2,000 decrease in median price, which is down .7% from the previous month and flat from the prior year.
July 2026, the median price of condos and townhomes was at $290,000.
July 2025, the median price of condos and townhomes was at $290,000.
July 2024, the median price of condos and townhomes was at $296,000.
July 2023, the median price of condos and townhomes was at $273,500.
July 2022, the median price of condos and townhomes was at $271,800.
July 2021, the median price of condos and townhomes was at $224,250.
LUXURY MARKET
There were 165 luxury homes that sold in July for $1 million and over, compared to June’s 204 homes, 39 home increase.
The median sales price in the Luxury Market for July went from $1,400,000 to $1,385,000 a $15,000 decrease in median sales, and the Average Price was at $1,951,534.
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MARKET TRENDS
So, for July we had a total of 3,349 new listings, which is down .6% from the prior month, but up 3.3% from the prior year.
July 2026 – 3,349 new listings
July 2025 – 3,242 new listings
July 2024 – 2,962 new listings
July 2023 – 2,354 new listings
July 2022 – 4,459 new listings
July 2021 – 4,077 new listings
There were also a total number of 7,442 single-family houses listed without offers in July which is up 4.1% from the previous month and up 4.1% from the prior year.
July 2026 – 7,442 listed without offers
July 2025 – 7,147 listed without offers
July 2024 – 4,634 listed without offers
July 2023 – 3,524 listed without offers
July 2022 – 7,331 listed without offers
July 2021 – 3,007 listed without offers
MARKET TRENDS
Which brings us to the housing supply in Southern Nevada, last month we are at 3.6 months of inventory on the market, which is up 17.2% from previous month and up 2.9% from the prior year.
July 2026 – 3.6 months of supply
July 2025 – 3.5 months of supply
July 2024 – 2.2 months of supply
July 2023 – 1.7 months of supply
July 2022 – 3.5 months of supply
July 2021 – .9 months of supply
57.4% of the closings for the month July was on the market 30 days or less, in June this number was at 58.2% and in July 2025, 56% of the homes were on the market 30 days or less.
FORECLOSURES – August 2026
REO – 53 in July, 49 in June = 4 increase
Short Sale – 113 in May, 107 in June = 6 increase
Foreclosure Commenced – 48 in July, 48 in June = Flat
Total amount of distressed properties including foreclosure being commenced – 214 for June, June was 204 = 10 increase from the prior month
NEW BUILDER INCENTIVES – August 2026
Century Communities
Century Communities is having their GOOD THINGS COME TO THOSE WHO ACT 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 8/31/2026 and close by 9/30/26.
Lennar Homes
Take Advantage of a Promotional 30-Year Conventional Fixed Interest Rate on select Lennar Home at 4.875%. Must go under contract from now until 8/9/26 and close by 9/25/26 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.
Pulte Communities: Dalea at Aries, Desert Mesa at Aries, The Harper floor plan at Rainbow Crossing and The Sanremo Floor plan at Brantley.
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 8/5/26 and close on or before 9/30/26.
Taylor Morrison
Taylor Morrison is having HOMES BUILT FOR STAYCATIONS 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 – Get 3.99% 30 Year-fixed interest rate
- FHA Fixed Rate – Get 4.5% 30 Year-fixed interest rate
These limited fixed interest rates are valid new home contracts entered from now until 8/31/26 and close on or before 9/18/26.
Toll Brothers
For a limited time on select quick move-in homes, Toll Brothers Mortgage Company is offering exclusive 30-Year FHA Fixed Rate with a 2/1 Buydown Program. (FHA Loan limit is $541,287)
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 9/25/26.
ROB & ANG BETS – August 2026
MEDIAN SALES PRICE
Rob said Flat
Ang said $1,000 increase*
Damian said $2,000 decrease
Actual # $10,000 decrease
Damian won this!
WITHOUT OFFERS
Rob said 7,300
Ang said 7,200
Damian said 7,250
Actual # 7,442
Rob won this one!
MONTHS OF SUPPLY
Rob said 3.2 months
Ang said 3.3 months
Damian said 3.4 months
Actual # 3.6 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
Keller Williams Realty Las Vegas
Lic. #180246
702-370-5112
[email protected]
www.neighborhoodsinlasvegas.com
