LAS VEGAS (KLAS) — A $15,000 plunge in condominium prices during July brought the first big move in the Las Vegas housing market since the start of 2025, but single-family homes stayed at record levels, Las Vegas Realtors (LVR) reported Friday.
At $485,000, the median price for a single-family home is exactly where it was six months ago. The price dropped to $480,000 in April and May, but came right back in June and July. The median price is the one in the middle — half are higher and half are lower.
Meanwhile, condos and townhomes have shown a wider range since peaking at $315,000 in October 2024. In July, they dropped to $290,000 after June’s $305,000…