Las Vegas Housing Market
ERA BROKERS CONSOLIDATED · MARKET RESEARCHLas Vegas housing market
August 2026 · Nevada
Monthly prices, sales activity and housing supply, with historical context for your next move.
The month at a glance
12-month trends through August 2026. Changes compare September 2025–August 2026 with September 2024–August 2025.
Compared with the preceding 12 months, average inventory rose 14.1% and average monthly closings stayed within 3%. The 12-month price trend stayed within 1% of the preceding 12 months. Weighted selling time increased from 40 to 47 days.
For buyers
Compare current listings, recent comparable sales and property condition. The annual trend provides context; conditions in your neighborhood and price range may differ.
For sellers
The annual trend shows longer selling times. Build that into your plans, check current alternatives and reassess if buyer response is limited. The market’s price trend is not a valuation of your home.
Median sale price
12-month price trend$444,471+0.2% vs. previous 12 monthsAugust only: $445,000Homes sold
12-month average2,328-1.6% vs. previous 12 monthsAugust only: 2,181New listings
12-month average4,012+0.4% vs. previous 12 monthsAugust only: 4,177Homes for sale
12-month average9,902+14.1% vs. previous 12 monthsAugust only: 10,790Months of supply
12-month average4.3+24.2% vs. previous 12 monthsAugust only: 4.9Days on market
12-month average47+16.8% vs. previous 12 monthsAugust only: 46See the longer view
Monthly observations over the past three years, where available. Gaps indicate unavailable observations.
The numbers in context
Monthly YoY compares the same month one year earlier; MoM compares the previous month. Rolling figures cover the 12 months ending in the selected month; their change compares the preceding 12 months. The median-price rolling figure is a price trend, as explained below.
| Measure | August 2025 | August 2026 | Monthly YoY | Monthly MoM | 12-month average / trend | Change vs. previous 12 months |
|---|---|---|---|---|---|---|
| Median sale price | $445,000 | $445,000 | 0.0% | 0.0% | $444,471 | +0.2% |
| Homes sold | 2,287 | 2,181 | -4.6% | -14.2% | 2,328 | -1.6% |
| New listings | 4,245 | 4,177 | -1.6% | -5.3% | 4,012 | +0.4% |
| Homes for sale | 10,332 | 10,790 | +4.4% | +1.9% | 9,902 | +14.1% |
| Months of supply | 4.5 | 4.9 | +8.9% | +16.7% | 4.3 | +24.2% |
| Days on market | 42 | 46 | +9.5% | +9.5% | 47 | +16.8% |
| Average sale price | $534,362 | $578,596 | +8.3% | +3.8% | $565,817 | +3.1% |
| Original asking price received | 98.2% | 98.1% | -0.1% | -0.1% | 98.1% | -0.3% |
| Pending sales | 2,409 | 2,381 | -1.2% | -5.6% | 2,541 | +0.5% |
| Single-family building permits | 250 | 132 | -47.2% | -17.0% | 251 | -31.6% |
| Apartment / condo permits | 0 | 15 | Not available | +150.0% | 6 | -65.1% |
Sources & methodology
Research by ERA Brokers Consolidated. When referencing this report, credit ERA Brokers Consolidated and link to the original market report.
Compiled by ERA Brokers Consolidated from its monthly market research. Housing statistics draw on MLS and local REALTOR® association reporting; coverage varies by market. Permit figures, where included, are attributed to Construction Monitor in ERA’s published research. Specific MLS and association names are not provided in the underlying records.
Figures describe the source’s market area and available reporting coverage. They should not be combined across overlapping markets. Price, days-on-market and asking-price-ratio rolling measures are weighted by closed sales. The 12-month median-price trend is a weighted average of monthly medians, not the median of all transactions over a year. Activity, inventory, supply and permit averages use 12 calendar months. Each rolling window ends in the selected reporting month and is compared with the preceding, non-overlapping 12 months. Rolling measures require complete source history; unavailable comparisons are labeled. A 12-month trend smooths monthly fluctuations but responds more slowly to recent changes. Year-over-year changes use unrounded values; percentage changes from zero are unavailable.
Optional measures are omitted when source coverage cannot be established. Zero prices per square foot are treated as unavailable. For activity and permit counts, a reported zero is retained where that measure has recent reported activity. Missing or withheld periods create chart gaps. Historical figures may be revised when the source is corrected. Market statistics describe groups of properties and do not predict an individual sale.
Headline commentary uses the same rolling measures as the six summary cards, with consistent editorial rules. Monthly comparisons are not seasonally adjusted; a single month does not establish a lasting trend. Low transaction counts warrant additional caution.
Data checked September 12, 2026 · Report data last changed September 11, 2026.
Put these numbers to work.
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