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.
Southern Nevada's housing market opened the year with momentum shifting toward buyers, as prices eased from recent peaks and the number of homes available for sale climbed sharply, according to data released Friday by Las Vegas Realtors.
Las Vegas-area home prices edged lower at the end of 2025 as sales slowed and inventory climbed, underscoring a gradual cooling in one of the US housing market's most volatile metros.
Las Vegas home prices climbed to a new high in November 2025 even as sales volumes weakened and inventory continued to build, according to the latest report from Las Vegas Realtors.