Housing inventory continues to climb in the Las Vegas Valley, even as home prices return to a record high, according to a newly released market report.
The latest data from Las Vegas REALTORS® (LVR) shows that the median sales price for single-family homes in Southern Nevada reached $485,000 in June. That figure marks a 1% increase from May and ties the previous all-time high recorded earlier in 2025.
Compared to June of last year, the median price has risen by 2.1%.
Condominiums and townhomes in the region had a median sales price of $305,000 last month. While slightly lower than May, that number represents a 3.4% increase year-over-year. It falls just below the record high of $315,000 set in October 2024.
“While prices have rebounded to previous highs, they’ve remained relatively steady overall this year,” said LVR President George Kypreos. “What’s really shifted is the growing number of homes on the market, which benefits buyers. Sellers, on the other hand, need to stay competitive with their pricing.”
Despite the increase in inventory, buyer demand appears to be lagging.
By the end of June, nearly 7,000 homes were listed without receiving any offers—a 70% jump compared to the same time in 2024. The number of unsold condos and townhomes also rose sharply, with roughly 2,500 listings receiving no offers, reflecting an 87.6% increase year-over-year.
Source: https://www.fox5vegas.com/2025/07/08/report-las-vegas-home-prices-return-record-high-june-with-fewer-sales/