Source link : https://las-vegas-news.com/las-vegas-valley-home-sales-gain-traction-in-early-2026-after-2025-trough/
Are home sales rebounding in the Las Vegas Valley? – Image for illustrative purposes only (Image credits: Pixabay)
Las Vegas Valley — Residential sales in the Las Vegas Valley plummeted to their lowest annual total since the Great Recession in 2025, marking a challenging year for the local housing market.[1][2] February and March of 2026 delivered a seasonal lift, with transactions rising sharply from winter lows and single-family home sales even edging higher than the prior year in March. Rising inventory and stable prices have tilted conditions toward buyers, fostering a more balanced environment after years of seller dominance.
2025 Marked Historic Sales Decline
A total of 28,498 existing homes, condos, and townhomes changed hands across Southern Nevada in 2025, reflecting a 9% drop from 31,305 the previous year.[1] This figure represented the weakest performance since 2007, amid broader trends of declining volume since the 2021 peak of over 50,000 properties.[2]
December capped the year with further softening. Median prices for single-family homes fell to $470,000, down 1.1% from December 2024 and 3.9% from November’s record high of $488,995.[2] Inventory swelled, with 6,396 single-family homes lacking offers by year-end, a 28.8% increase year-over-year. Las Vegas Realtors President George Kypreos noted encouraging trends at the close: “Although it was a relatively slow year for home sales, we’re seeing some encouraging signs heading into the new year….
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Author : Matthias Binder
Publish date : 2026-05-04 14:21:00
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