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How competitive is the Las Vegas housing market?

P

Primpted Housing Analyst

Updated monthly · Data through May 2026 · v264

Data-backed
Sold Score
26/100
YoY Difficult Selling Environment
Pending ratio
0.27
YoY contracts vs active
Inventory YoY
+0.3%
YoY active listings
Median DOM
60
YoY days on market
Price cuts
14.8%
YoY of active listings
Las Vegas is soft for sellers as of May 2026, with a Sold Score of 26/100 (Difficult Selling Environment). **Pending ratio** is 0.27 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is +30.6% — more choices for buyers than a year ago. **Median days on market** is 60. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 14.8% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (May 2026): Sold Score: 26/100 (Difficult Selling Environment) · Pending ratio: 0.27 · Inventory YoY: +30.6% · Median days on market: 60 · Sellers cutting price: 14.8% · Median listing price: $400,000 (-4.8% YoY)

Las Vegas snapshot

As of the latest 2026 data
Median listing
$400K
YoY -0.0%
Active inventory
81
YoY +0.3%
Median DOM
60
YoY -0.2%
Pending ratio
0.27
YoY -0.1%
Price-reduced
9.1%
YoY -0.0%

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