Las Vegas, NV (KXNT) – Las Vegas’ housing market cooled off a bit in December, according to new numbers released Tuesday by Las Vegas Realtors.
LVR reported that the median price for a pre-existing, single-family home in Las Vegas in December was $470,000, down from $488,000 in November.
Median prices for condos and townhomes also saw a drop, with the median price of $275,000 down almost 10% from November.
“Buyer activity locally and nationally is starting to improve. Home prices have been fairly stable, and mortgage interest rates ended the year lower than they were the previous year. Most trends are pointing to a more balanced housing market in 2026,” Las Vegas Realtors President George Kypreos said.
Right now, according to Bankrate, a 30-year fixed-rate mortgage in Nevada is 6.3%. Nationally, it’s 6,2%
For all of 2025, LVR reported a total of 28,498 existing local homes, condos and townhomes were sold. That’s down from 2024, when 31,305 such properties were sold, and marks the lowest annual sales total since 2007.