may 2023

Las Vegas Market Report – May 2023

In May, local home prices increased from the previous month, though they are still well below their all time peak set one year earlier. Prices have now increased for a couple of months in a row heading into what is usually our strongest selling season. It seems safe to say that we’re bouncing back from the bottom of this recent downturn. Buyers seem to have more confidence regarding where interest rates are sitting which is great news for anyone looking to sell their home.


Median Home Price

$442,120 -8.3% from May 2022

Homes Sold

2,316 -20.3% from May 2022

Homes Without Offers

3,645 +2.1% from May 2022

Homes Sold Within 30 Days

60.6% -28% from May 2022