<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=4OCcrQ_1E0C8kvO00" alt="https://img.particlenews.com/image.php?url=4OCcrQ_1E0C8kvO00" width="750" height="1126" ><figcaption>LVR President George Kypreos</figcaption></figure>LAS VEGAS – A report released Thursday by Las Vegas REALTORS® (LVR) shows local home prices dipped in July from their record high, with increasingly stable sales and inventory.LVR reported the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during July was $480,000. That’s down 1.0% from July 2025 and down 2.0% from the all-time high set in May and June.The median price of local condos and townhomes sold in July was $290,000. That matches the price from July 2025 – well below the record high of $315,000 set in October 2024.“Despite the slight decline in prices during July, we’re seeing a steady demand for homes here in Southern Nevada, and that continues to drive home sales and keep prices near record levels,” said LVR President George Kypreos, a longtime local REALTOR®. “That demand has stayed strong even though mortgage rates have remained elevated.”By the end of July, LVR reported 7,442 single-family homes listed for sale without any sort of offer. That’s up 4.1% from one year earlier. The 2,719 condos and townhomes listed without offers in July represent a 3.7% increase from one year earlier.LVR reported a total of 2,587 existing local homes, condos and townhomes sold in July. Compared to July 2025, sales were up 1.2% for homes, but down 1.1% for condos and townhomes. The sales pace in July equates to nearly a four-month housing supply, similar to one year ago.The sales pace so far this year has been similar to 2025, which posted the lowest annual sales total since 2007. Sales have seen peaks and valleys in recent years, generally declining since 2021, when LVR reported a record 50,010 total properties were sold.</div></body>

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LAS VEGAS – A report released Thursday by Las Vegas REALTORS® (LVR) shows local home prices dipped in July from their record high, with increasingly stable sales and inventory. LVR reported the median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS)...

LVR Reports Local Home Prices Pull Back From Record High

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LAS VEGAS – A report released Thursday by Las Vegas REALTORS® (LVR) shows local home prices dipped in July from their record high, with increasingly stable

LVR Reports Local Home Prices Pull Back From Record High

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