LAS VEGAS (KLAS) — When the Las Vegas housing market was hot, houses were selling about as fast as they hit the market. Now, sales have slowed significantly, according to a report released Thursday by Las Vegas Realtors (LVR).

The median price of a single-family home crept up in October to $474,370, with the supply of available homes ballooning to a four-and-a-half-month supply. The median price for condominiums/townhomes dropped to $285,000, falling $9,000 in a single month, and down $30,000 since peaking a year ago at $315,000. (The median price is the one in the middle — half sell for more and half sell for less.)

When the market was at its hottest in the spring of 2022, 96% of homes were selling within 60 days, and condos were going just as fast with 98% selling in 60 days or less. T

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