06/09/2026
We at www.HomesForSale.Vegas always keep our clients educated about the real estate market ๐๐ก
May's statistics set a new record for the median price of a single-family home at $490,000. Thatโs $5,000 more than the previous all-time high, and 2% more than last monthโs median price. However, one month does not make a trend. What it should tell us is that sitting on the sidelines waiting for a โbuyerโsโ market is probably not the best strategy. Itโs better to buy when you are ready and not try to time the market.
The condominium market continues to struggle with high inventory ๐ and low sales, although the median price increased by $5000 from April. The median price increased from $290,000 in April to $295,000 last month. Thatโs the same price as in March.
We expect the single-family market to stay strong as seasonal demand continues to increase. Condos are still a great place to start if youโre a first-time homebuyer.
Whether you are buying or selling, it's important to know the details of your market ๐
Give us a call today at 702-750-7599 for a consultation ๐