The Las Vegas housing market recorded a total of 2,088 sales of single-family homes, condos and townhomes during February. According to data from Las Vegas Realtors, this represented a 9.4% year-over-year decline in single-family home sales and an 8% decline for condo and townhome sales.
While sales were down, listings were up. Single-family listings totaled 6,131 last month, up by 17.2% from February 2025. Listings for condos and townhomes totaled 2,505, a 23.7% year-over-year surge.
The median price of existing single-family homes was $481,995, a 0.6% drop from one year ago, while the median sale prices for condos and townhomes saw a steeper decline was $285,000, a 5.9% tumble.
“Slower sales, lower prices and rising inventory are signs of a buyer’s market,” said George Kypreos, president of Las Vegas Realtors. “Whether you’re a buyer, a seller or a homeowner enjoying the equity you’ve built in your home, Southern Nevada continues to be an attractive housing market. There’s pent-up demand from people who’ve been delaying a move for years that could help us unlock more inventory this year.”
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