Las Vegas Housing Market: Trends and Forecast 2025-2026

The Las Vegas housing market in 2025 shows resilience with a 2.1% year-over-year median home price increase to $485,000 despite a 7% sales decline and a 70% rise in inventory. New construction prices hit record highs, but sales and permits drop. Forecasts predict a slight price dip in 2025, followed by potential growth in 2026. Las Vegas's growing population, diversified economy, and major developments support long-term real estate investment potential.

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