Southern Nevada's housing market is showing clear signs of tipping in favor of buyers in February 2026, according to new data from the Las Vegas Realtors (LVR). Fewer homes are selling, inventory is rising, and median prices are slipping from record highs set in recent years.
According to new data from Redfin, the median U.S. homeowner now stays in the same house for 12 years, the longest stretch since 2022. That represents a modest rebound from 11.8 years in 2024, as elevated mortgage rates and persistently high home prices continue to suppress turnover.
The U.S. government has begun enforcing its first nationwide anti-money laundering safeguards targeting the residential real estate market, closing a long-criticized loophole that allowed illicit funds to flow into property purchases with limited scrutiny.
The average rate on a 30-year fixed loan fell to 5.99% this week, matching its lowest level since 2022. A year ago, borrowers faced rates closer to 6.9%, underscoring how sharply financing costs have eased in recent months.
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