Las Vegas Housing Market Update – November 2026

 

The Las Vegas housing market continues to shift as we head into the final months of 2026. While home prices remain relatively stable, we’re seeing fewer home sales, rising inventory, and more opportunities for buyers. So, are we finally moving toward a more balanced housing market?

 

In October, the median sales price of single-family homes increased slightly to $475,000, despite a slowdown in sales activity. New listings declined, but the number of homes available without offers continued to rise, pushing housing inventory to 5.3 months of supply. These trends suggest that Las Vegas is gradually moving toward a more balanced housing market.

 

What Does This Mean for Buyers and Sellers?

For Buyers: This could be one of the best times of the year to purchase a home in Las Vegas. With more homes to choose from, properties sitting on the market longer, and sellers becoming increasingly motivated, buyers have greater opportunities to negotiate lower purchase prices, seller-paid closing costs, and other favorable terms.

 

We’re also seeing new construction builders offering attractive incentives as they work toward meeting their year-end sales goals. From price reductions to closing cost assistance and special financing incentives, buyers looking to purchase a brand-new home may find some excellent opportunities before the end of 2026.

 

For Sellers: The Las Vegas housing market is becoming more competitive. With more inventory available and buyers taking their time making decisions, pricing your home correctly from the beginning is more important than ever. Homes that are overpriced may sit on the market longer, while properties that are competitively priced and presented well can still attract serious buyers.

 

Where Is the Las Vegas Housing Market Heading?

Although home prices haven’t experienced a significant decline, the market is gradually shifting in favor of buyers. With inventory increasing and home sales slowing, we may continue to see more price reductions and motivated sellers as we head into the winter months.

 

But the big question remains: Why aren’t Las Vegas home prices dropping more significantly despite rising inventory? Will prices continue to hold steady, or could we see a bigger shift heading into 2027?

 

Below, we’ll break down the October 2026 Las Vegas housing market statistics, including home prices, sales activity, new listings, housing inventory, and months of supply, to give you a better understanding of what’s happening in today’s market.

 

Whether you’re thinking about buying, selling, or simply keeping an eye on the Las Vegas real estate market, staying informed is the key to making smart real estate decisions.

 

 

MARKET TRENDS

There were 1,519 single-family houses that sold in October which is down 13% from the previous month and down 11.9% from prior year.

October 2026 – 1,519 Closings

October 2025 – 1,724 Closings

October 2024 – 1,918 Closings

October 2023 – 1,699 Closings

October 2022 – 1,724 Closings

October 2021 – 3,077 Closings

 

The median sales price of previously owned single-family homes went from $470,000 in September to $475,000 in October, a $5,000 increase in median price, which is up 1.1% from the previous month and .1% from the prior year. 

October 2026, the median price of previously owned single-family homes was at $475,000.

October 2025, the median price of previously owned single-family homes was at $474,370.

October 2024, the median price of previously owned single-family homes was at $475,531.

October 2023, the median price of previously owned single-family homes was at $449,000.

October 2022, the median price of previously owned single-family homes was at $440,000.

October 2021, the median price of previously owned single-family homes was at $410,000.

 

On a side note, we started the year with a median price of $470,000.

 

CONDOS

The median sales price of condos and townhomes for went from $290,000 in September to $275,000 in October a $15,000 decrease in median price, which is down 3.8% from the previous month and down 2.1% from the prior year.

October 2026, the median price of condos and townhomes was at $275,000.

October 2025, the median price of condos and townhomes was at $285,000.

October 2024, the median price of condos and townhomes was at $315,000. – peak of the market
October 2023, the median price of condos and townhomes was at $275,500.
October 2022, the median price of condos and townhomes was at $266,000.

October 2021, the median price of condos and townhomes was at $236,000.

 

LUXURY MARKET

There were 130 luxury homes that sold in October for $1 million and over, compared to September’s 136 homes, 3 home decrease.

 

The median sales price in the Luxury Market for October went from $1,388,750 to $1,400,000 – a $11,250 increase in median sales.

 

MARKET TRENDS

So, for October we had a total of 2,954 new listings, which is down 5.3% from the prior month and down 4% from the prior year.

October 2026 – 2,954 new listings

October 2025 – 3,077 new listings

October 2024 – 2,867 new listings

October 2023 – 2,332 new listings

October 2022 – 2,883 new listings

October 2021 – 3,564 new listings

 

There were also a total number of 8,112 single-family houses listed without offers in October which is up 1.5% from the previous month and up 7.6% from the prior year.

Total Single-Family, Condos & Townhomes on the market for October 2026 is 10,949, last month we were at 10,791.

October 2026 – 8,112 listed without offers

October 2025 – 7,538 listed without offers

October 2024 – 5,784 listed without offers

October 2023 – 4,213 listed without offers

October 2022 – 7,906 listed without offers

October 2021 – 3,287 listed without offers

 

MARKET TRENDS

Which brings us to the housing supply in Southern Nevada, last month we are at 5.3 months of inventory on the market, which is up 16.6% from previous month and up 22.1% from the prior year.

October 2026 – 5.3 months of supply

October 2025 – 4.4 months of supply

October 2024 – 3.0 months of supply

October 2023 – 2.5 months of supply

October 2022 – 4.6 months of supply

October 2021 – 1.1 months of supply

 

50.5% of the closings for the month October was on the market 30 days or less, in September this number was at 53.4% and in October 2025, 50.4% of the homes were on the market 30 days or less.

 

FORECLOSURES

REO – 70 in October, 69 in September = 1 increase

Short Sale – 190 in October, 170 in September = 20 increase

Foreclosure Commenced – 59 in October, 49 in September = 10 increase

Total amount of distressed properties including foreclosure being commenced – 319 for October, September was 288 = 31 increase from the prior month – last month we saw a 20 increase.

 

NEW BUILDER INCENTIVES – November 2023

Century Communities

Century Communities is having their HOMES WORTH MOVING FOR Event on select move-in ready homes when you use Inspire Home Loans.

1. 5/1 FHA & VA ARM Loan – Get 3.875% interest rate for 5 years, and for years 6-30 the rate may vary.
2. 7/6 Conventional ARM Loan – Get 4.875% interest rate for 7 years, and for years 8-30 the rate may vary.
3. 30 Year- Fixed Interest Rate Loan – For FHA & VA get 4.875% fixed interest rate or for Conventional get 5.75% interest rate.

Must go under contract from now until 11/16/26 and close by 11/30/26.

 

Lennar Homes

Lennar Homes is having their BLACK FRIDAY SALES Event. Take Advantage of a Promotional FHA 5/1 ARM at 3.99% interest rate for the first five years and year 6 the rate will adjust. Plus get up to $6,000 towards closing costs. Must go under contract from now until 11/8/26 and close by 12/18/26 and finance through Lennar Mortgage.

 

Richmond American Homes

Richmond American is having their WONDERFUL TIME OF THE YEAR 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.

• 5/1 FHA ARM – Get 4.25% interest rate for the first 5 years and year 6 the rate will adjust
• 7/6 Conventional ARM – Get 4.99% interest rate for the first 7 years and year 8 the rate will adjust
• FHA/VA99% 30 Year Fixed Interest Rate
• Conventional 375% 30-Year Fixed Interest Rate
• 2-1 Buydown for FHA & VA – Get 3.5% interest rate the first year, 4.5% interest rate year 2, and 5.5% interest rate for years 3-30.
• 2-1 Buydown for Conventional – Get 3.875% interest rate the first year, 4.875% interest rate year 2, and 5.875% interest rate years 3-30.

Must go under contract from now until 11/15/26 and close on or before 12/31/26.

 

Taylor Morrison

Taylor Morrison is having MAKE YOUR MOVE 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.

1. 7/6 Conventional ARM – Get 4.25% interest rate for the first 7 years and year 8 the rate will adjust
2. Conventional 5.49% 30-Year Fixed Interest Rate
3. FHA 4.875% 30- Year Fixed Interest Rate
4. Save up to $50,000 in Closing Costs at select communtities.

These limited fixed interest rates are valid new home contracts entered from now until 11/30/26 and close on or before 12/31/26.

 

Toll Brothers

Toll Brothers is offering an exclusive Jumbo 5/1 Arm with a 2/1 Buydown for the first 2 years for a limited time on select homes, and when you use Toll Brothers Mortgage Company. Get 4.625% interest rate for the first year, 5.625% interest rate for year 2, 6.625% interest rate for years 3-5, and year 6 the rate will adjust. Must go under contract on select quick move-in ready homes and close on or before 1/29/27.

 

Woodside Homes

For a limited time, get special financing on select Woodside Homes for qualified buyers who finance through Home American Mortgage. They have 3 different deals going on.

1. FHA 4.99% 30 Year Fixed Interest Rate
2. VA 4.99% 30 Year Fixed Interest Rate
3. Conventional 5.375% Fixed Interest Rage

Must go under contract buy 11/15/26 and close by 12/31/26

 

ROB & ANG BETS – November 2026

MEDIAN SALES PRICE

Rob said $5,000 decrease*

Ang said $7,500 decrease

Damian said $4,000 decrease

Actual # $5,000 increase

No one won!

 

WITHOUT OFFERS

Rob said 8,300

Ang said 8,200

Damian said 8,100

Actual # 8,112

Damian won this one!

 

MONTHS OF SUPPLY

Rob said 4.8 months

Ang said 4.9 months

Damian said 5 months

Actual # 5.3 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
Keller Williams Realty Las Vegas
Lic. #180246
702-370-5112
[email protected]
www.neighborhoodsinlasvegas.com

Linkedtree: https://linktr.ee/theohareteamlv