LAS VEGAS MARKET UPDATE FEB 2026

Las Vegas’ residential real estate market is entering 2026 with a mix of cooling prices, rising inventory, and gradually improving affordability. Median single‑family home prices have recently dipped—December 2025 fell to about $470,000—while sales activity picked up, signaling resilience despite softer pricing. Forecasts from Las Vegas Realtors and Zillow point to a more balanced market ahead, with median prices stabilizing in the $500,000–$529,000 range, more inventory, and mortgage rates hovering around 5.5–6.5% . Analysts at the Las Vegas Review‑Journal note that 2026 should bring a “warmer” market as buyers gain breathing room and sellers benefit from steadier demand, even as national affordability challenges persist.