Vegas Homebuyers Find More Options Amid Price Adjustments

The median price of existing single-family homes in Las Vegas dropped to $470,000 in September, a 1.1% decrease from August and matching September last year. Condo and townhome prices fell to $290,000, down 1.4% year-over-year. Sales declined by 7.4% for single-family homes and 12.6% for condos. Unsold inventory increased by 6.6% for homes and 7.3% for condos, driven by rising mortgage rates.