For release July 7, 2026
Contact: George McCabe, B&P
(702) 325-7358
LVR housing statistics for June 2026
LAS VEGAS – A report released Tuesday by Las Vegas REALTORS® (LVR) shows local home prices hovering at a record high, with more homes selling than last month and last year.
LVR reported the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during June was $490,000. That’s unchanged from the all-time high set in May and up 1.0% from June of 2025.
The median price of local condos and townhomes sold in June was $292,000. That’s down 4.3% from June 2025 – and short of the record high of $315,000 set in October 2024.
“Local home prices don’t always follow national trends, but they have been lately,” said LVR President George Kypreos, a longtime local REALTOR®. “Much like what we’re seeing here in Southern Nevada, the median home price in the U.S. recently hit an all-time high. Prices are staying at this level in part because of our relatively tight housing supply and the strong demand for homes here.”
By the end of June, LVR reported 7,147 single-family homes listed for sale without any sort of offer. That’s up 2.2% from one year earlier. The 2,690 condos and townhomes listed without offers in June represent a 4.9% increase from one year earlier.
LVR reported a total of 2,823 existing local homes, condos and townhomes sold in June. Compared to June 2025, sales were up 18.3% for homes and up 1.2% for condos and townhomes. The sales pace in June equates to local housing supply of about three and a half months. That’s slightly less than one year ago.
The sales pace so far this year has been similar to 2025, which posted the lowest annual sales total since 2007. Sales have seen peaks and valleys in recent years, generally declining since 2021, when LVR reported a record 50,010 total properties were sold.
Other highlights include:
- In June, 78.5% of all existing local homes and 67.7% of all existing local condos and townhomes sold within 60 days. That’s down from one year earlier, when 82.8% of all homes and 72.8% of all condos and townhomes sold within 60 days.
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- During June, LVR found that 23.2% of all local property sales were cash transactions. That’s down slightly from 23.1% one year earlier – well below the February 2013 cash buyer peak of 59.5%.
- The number of so-called distressed sales remains near historically low levels. LVR reported that short sales and foreclosures combined accounted for 1.4% of all existing local property sales in June. That compares to 0.8% one year ago.
- The total value of local real estate transactions tracked through the MLS during June was more than $1.4 billion for homes and more than $184 million for condos, high-rise condos and townhomes. Compared to one year earlier, total sales values in June were up 16.8% for homes and up 14.1% for condos and townhomes.
These LVR statistics include activity through the end of June 2026. LVR distributes statistics each month based on data collected through its MLS, which does not account for all newly constructed homes sold by local builders or homes for sale by owners.
About LVR
Las Vegas REALTORS® (formerly known as GLVAR) was founded in 1947 and provides its nearly 15,000 local members with education, training and political representation. The local representative of the National Association of REALTORS®, LVR is the largest professional organization in Southern Nevada. Each member receives the highest level of professional training and must abide by a strict code of ethics. For more information, visit www.LasVegasRealtor.com.
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