LAS VEGAS – A report released Tuesday by Las Vegas REALTORS® (LVR) shows local home prices bounced back in May to hit a record high, even though fewer homes changed hands.
LVR reported the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during May was $490,000. That’s up 2.1% from one year earlier – topping the previous all-time high of $488,995 set in November 2025.
The median price of local condos and townhomes sold in May was $295,000. That’s down 3.9% from May 2025 – and well off the record high of $315,000 set in October 2024…