A report released Tuesday by Las Vegas REALTORS® (LVR) shows local homes prices are down slightly from one year ago, with an increasing number of properties available for sale. LVR reported the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during March was $480,000. That’s down 1.0% from one year earlier – and down from the all-time high of $488,995 set in November 2025. The median price of local condos and townhomes sold in March was $295,000. That’s down 3.8% from March 2025 – and well off the record high of $315,000 set in October 2024. “With mortgage rates rising since the conflict with Iran started, the housing market is facing some new headwinds, but the fundamentals of the local housing market remain strong,” said LVR President George Kypreos, a longtime local REALTOR®. “As this month’s sales numbers show, Southern Nevada continues to be an attractive place to buy a home. We see solid demand for homes here. That’s even more apparent whenever interest rates start to go down.” By the end of March, LVR reported 6,456 single-family homes listed for sale without any sort of offer. That’s up 19.2% from one year earlier. The 2,568 condos and townhomes listed without offers in March…
Source: vintage lv
