10/06/2026
Las Vegas market update — September numbers are in.
A few things stood out to me this month.
Single-family home sales slowed again, with 1,745 homes sold, down 3.2% from August and 7.4% from last year. Condo/townhome sales also slowed, with 424 sold, down 5.6% from August and 12.6% from last year.
At the same time, inventory keeps climbing. Single-family homes currently listed without offers rose to 7,995, and condos/townhomes rose to 2,796. That puts months of inventory at 4.6 months for single-family homes and 6.6 months for condos/townhomes.
So what does that actually mean?
Buyers have more options and more negotiating room than they did when inventory was tighter. That does not mean every seller is desperate, and it does not mean the market is crashing. It means buyers can be more selective, and the right offer strategy matters.
For sellers, this is a market where pricing, presentation, and marketing matter more than ever. Homes can still sell, but overpricing and weak marketing are much harder to get away with right now.
Median prices are still holding fairly steady: $470,000 for single-family homes and $290,000 for condos/townhomes.
Bottom line: this is a more balanced market, and strategy matters on both sides.
Thinking about buying, selling, or just trying to understand what your home is worth in today’s market? Send me a message and I’ll help you look at the numbers.
Scott Argyle, Realtor®
S.0202679
Keller Williams Las Vegas
📲 702-595-6902
🌐 scottsellsvegas.com