Las Vegas housing report indicates home prices retreating from all-time high

Las Vegas home prices have slightly declined from record highs, with the median single-family home price at $480,000 in April, down 1% from recent peaks but up 2.3% year-over-year. Condo prices also dipped slightly but remain above last year’s levels. Inventory rose sharply, with single-family homes for sale up 78.7% and condos up 91.5% from last year. Sales slowed, with a more balanced market and over a three-month housing supply.

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