Home prices in Southern Nevada are stabilizing while available inventory continues to climb, potentially creating more favorable conditions for buyers, according to a Friday morning report from the Las Vegas Realtors trade group.

The median price for existing single-family homes in Southern Nevada held steady at $480,000 in May, matching April's figure and remaining below the all-time high of $485,000 recorded in the first quarter. Prices are still 1.5% higher than in May 2024.

Condos and townhomes saw their median price reach $307,000 in May, representing a 4.1% increase from the previous year but falling short of October 2024's record high of $315,000.

The shift toward buyer-friendly conditions is most evident in rising inventory levels, the report indicated. Single-family homes avail

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