LAS VEGAS (KSNV) — Home prices in the Las Vegas area showed signs of stabilizing in May as the number of listings increased, shifting the market toward buyers, according to a local industry group.

The median price for existing single-family homes sold in Southern Nevada last month was $480,000, per the group Las Vegas Realtors.

That figure is unchanged from this past April and down from the all-time high of $485,000, which was set in the first three months of 2025.

For condominiums and townhomes, the median price in May was $307,000, up 4.1% from a year ago but short of the record high of $315,000 set in October last year.

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By the end of May, 6,656 single-family homes were listed for sale without any s

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