Las Vegas Homebuyers Gain More Choices Amid Cooling Market

Rising mortgage rates are impacting the Las Vegas housing market, causing home sales to decline and inventory to rise in September 2026, while prices remain below recent peaks. The median price for single-family homes dropped to $470,000, and condos to $290,000. Sales fell 7.4% for homes and 12.6% for condos. Inventory increased, with a five-month supply for homes. Distressed sales remain low, and most properties sell within 60 days.