LAS VEGAS (KTNV) — New numbers from Las Vegas Realtors show home prices are leveling off while the number of homes for sale is climbing.

In August, the median price of existing single-family homes was $480,000. That's slightly up from last year, but still below the record high of $485,000.

Condos and townhomes sold for a median price of $298,000, about a 2% jump from this time last year.

LVR says more homes are on the market for longer, with more than 7,200 single-family homes listed for sale without any offers. That's nearly 37% more than a year ago. Condo listings are up even more, more than 50%.

Read the full August report here:

Las Vegas Realtors August 2025 Housing Report by yolanda.cruz

Overall, sales were down in August, about 15% year-over-year, leaving Southern Nevada

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