Las Vegas home prices ticked lower in September from year-ago levels as prices nationally inched higher, amid ongoing market sluggishness.

Southern Nevada house prices in September were down 0.69 percent from a year earlier, compared with a 1.29 percent gain nationwide, according to the S&P Cotality Case-Shiller index released Tuesday.

Nationally, this marked the weakest performance since mid-2023, said Nicholas Godec, head of fixed income tradables and commodities at S&P Dow Jones Indices, in the report.

Markets that were “pandemic darlings” are now seeing price declines, while traditionally stable metro areas in the Northeast and Midwest are posting solid gains, Godec said.

As he put it, this suggests a “reversion to pre-pandemic patterns where job markets and urban fundamentals driv

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