Las Vegas home prices edged lower last month while sales declined compared to a year ago, signaling a continued shift toward a buyer’s market in Southern Nevada, according to a trade industry report released this morning.

The median price for existing single-family homes sold in October was $474,370, down 0.2% from the same month in 2024, Las Vegas Realtors reported.

Condos and townhomes saw a steeper drop, with the median price falling to $285,000 in October — a 9.5% decrease from October 2024, when prices hit a record $315,000.

The softening prices come as the local housing market shows more inventory and slower sales, the report indicated.

By the end of October, 7,538 single-family homes were listed for sale without offers, up 30.3% from a year earlier. Condo and townhome listings w

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