Market Statistics and trends for Las Vegas!

Median Sales Price increased 2.3% to $480,000 for Single Family homes and the total housing inventory increased 8.1% month-over-month for a total of 1.33 million units heading into April, equivalent to a 4.0-month supply at the current sales pace, according to NAR.

Although inventory is up nearly 20% from the same time last year, the additional supply has had little effect on home prices across much of the country, with the national median existing home price climbing 2.7% year-over-year to $403,700 as of last measure.