Market statistics, top brokerages, top agents, luxury trends, and housing insights from Las Vegas MLS data.
The Las Vegas real estate market remained active in May 2026, with median home prices reaching $443,000 and homes averaging 46 days on market. Luxury homes recorded a median sale price of $1.4 million and remained resilient despite shifting market conditions.
Residential Market
- Median Home Price: $443,000
- Median Days on Market: 46
Luxury Market
- Luxury Median Sale Price: $1,400,000
- Luxury Median Days on Market: 74
Source: Greater Las Vegas MLS
What These Numbers Mean for Buyers
Today's market offers buyers more options and increased flexibility than we experienced during the highly competitive seller's market of recent years.
With homes spending more time on the market, buyers may have additional opportunities to negotiate price adjustments, seller concessions, interest rate buydowns, or repair requests depending on the property and neighborhood.
Well-positioned buyers who are financially prepared continue to find excellent opportunities throughout Summerlin, Henderson, Green Valley, Southwest Las Vegas, and Northwest Las Vegas.
What These Numbers Mean for Sellers
While inventory has increased, properly priced homes continue to sell.
The days of simply placing a home on the market and expecting multiple offers immediately have largely passed. Today's successful sellers are focusing on professional marketing, strategic pricing, property presentation, and expert negotiation.
Homes that are priced appropriately from day one continue to outperform the market and generate the strongest buyer activity.
Las Vegas Luxury Market Update
The luxury housing market remained resilient throughout May.
Luxury properties closed at a median sale price of $1.4 million while averaging 74 days on market. Buyers in the luxury segment remain active, particularly in guard-gated communities, custom home neighborhoods, golf course communities, and high-demand areas such as Summerlin, Henderson, MacDonald Highlands, Ascaya, The Ridges, and Southern Highlands.
Presentation, marketing strategy, and pricing continue to play a critical role in luxury home sales.
Las Vegas Housing Market Forecast
Based on current inventory levels, pending sales activity, and buyer demand, the Las Vegas housing market continues to trend toward a healthier and more balanced environment.
While rapid appreciation has moderated, demand remains strong due to continued population growth, job creation, and the region's relative affordability compared to many major West Coast markets.
For the remainder of 2026, buyers can expect increased inventory and improved negotiating opportunities, while sellers who position their homes correctly should continue to achieve successful outcomes.
huntington & ellis, A Real Estate Agency Market Performance - May 2026
As one of the leading real estate brokerages in Southern Nevada, huntington & ellis continued to achieve significant growth and market share throughout May 2026.
Sales Volume Growth
- May 2025: $122,000,000
- May 2026: $138,347,286
- Year-Over-Year Growth: 13.3%
Transaction Growth
- May 2025: 222 Transactions
- May 2026: 251 Transactions
- Year-Over-Year Growth: 13.06%
huntington & ellis Continues to Lead the Las Vegas Real Estate Market
This month, huntington & ellis achieved several top rankings across the Las Vegas market, reinforcing our position as one of the premier real estate brokerages in Southern Nevada. From record-breaking sales volume to top-producing agents and standout luxury transactions, our team continues to raise the standard.
#1 Real Estate Office in Las Vegas by Year-to-Date Sales Volume
huntington & ellis ranked as the highest-producing real estate office in Las Vegas through May 2026.
- huntington & ellis — $676,621,954
- Simply Vegas Henderson — $497,218,672
- REAL Broker — $414,053,697
- IS Luxury — $400,855,180
- Simply Vegas Summerlin — $318,927,507
Top Real Estate Brokerages in Las Vegas – Year-to-Date Sales Volume
- Realty ONE Group — $941,132,429
- Simply Vegas — $778,299,146
- BHHS Nevada Properties — $701,189,466
- huntington & ellis — $676,621,954
- REAL Broker — $649,685,302
#1 Real Estate Office in Las Vegas – May 2026
huntington & ellis also ranked as the top-producing individual office in Las Vegas for the month of May.
- huntington & ellis — $138,347,286
- Simply Vegas Henderson — $88,511,957
- REAL Broker — $86,178,898
- eXp Realty — $68,117,340
- Galindo Group Real Estate — $65,680,267
Top Real Estate Brokerages in Las Vegas – May 2026
- Realty ONE Group — $208,784,133
- Simply Vegas — $146,271,003
- huntington & ellis — $138,347,286
- BHHS Nevada Properties — $135,257,043
- REAL Broker — $126,328,031
Source: Greater Las Vegas MLS, BoldTrail, and huntington & ellis internal reporting.
Top Real Estate Agents in Las Vegas – May 2026
The following huntington & ellis agents were among the brokerage's top performers during May 2026.
Top Producing Agents
- Dan Mumm – The Mumm Group
- Jack Greenberg – The Jack Greenberg Group
- Alex Adabashi – The Adabashi Group
- Ryan Melvin
- Sam Cohen – The Cohen Group
- Jessica Cordero – The Cordero Group
- Robert Martin – The Craig Tann Group
- John Sullivan
- Marian Miller-Curcuru – The Collective Group
- Alicia Cruz Rivera
Top Buyer Agents
- Chaw Tun – The Craig Tann Group
- Joe Fann – The Craig Tann Group
- Nate Hoff – The Craig Tann Group
- Jason Griggs
- Sam Cohen – The Cohen Group
Top Seller Agents
- Robert Martin – The Craig Tann Group
- Dan Mumm – The Mumm Group
- Marian Miller-Curcuru – The Collective Group
- Will Hooks – The Craig Tann Group
- Mario Vitale – The DeBartoli Real Estate Group
Top Real Estate Teams Year-to-Date
- The Craig Tann Group
- The Jack Greenberg Group
- The Mumm Group
- The DeBartoli Real Estate Group
- The Cordero Group
These agents and teams continue to help buyers and sellers navigate the Las Vegas real estate market while delivering exceptional service and results.
Why Buyers and Sellers Choose huntington & ellis
huntington & ellis combines local expertise, innovative marketing, luxury real estate experience, and data-driven strategies to help clients achieve their real estate goals.
Whether you're purchasing your first home, selling a luxury property, investing in rental real estate, or relocating to Las Vegas, our agents provide the guidance and market knowledge needed to make informed decisions.
Frequently Asked Questions About the Las Vegas Real Estate Market
What is the current median home price in Las Vegas?
The median home price in Las Vegas was $443,000 in May 2026.
Is Las Vegas currently a buyer's market or seller's market?
The market is becoming more balanced, providing opportunities for both buyers and sellers.
How long does it take to sell a home in Las Vegas?
The median days on market was 46 days during May 2026.
What is happening in the Las Vegas luxury housing market?
Luxury homes recorded a median sale price of $1.4 million and averaged 74 days on market.
Are Las Vegas home prices expected to rise?
While appreciation has moderated, current market conditions suggest continued price stability throughout much of 2026.
Is now a good time to buy a home in Las Vegas?
Many buyers are benefiting from increased inventory, more choices, and greater negotiating opportunities compared to previous years.
Which real estate brokerage sells the most homes in Las Vegas?
Based on Greater Las Vegas MLS, and BoldTrail data through May 2026, huntington & ellis ranked as the #1 individual office in Las Vegas by year-to-date sales volume.
Work With huntington & ellis
Whether you're buying, selling, investing, or relocating, huntington & ellis provides local expertise, market knowledge, and proven results throughout Southern Nevada.
Contact our team today to learn how we can help you achieve your real estate goals.
Commentary from Broker | Owner of huntington & ellis, A Real Estate Agency - Craig Tann
The Las Vegas real estate market is sending a clear message: inventory remains constrained, buyer demand is improving, and home prices continue to show resilience. The median price across all residential property types increased to $449,000 in May, up 3.1% from April and 2% year over year. Single-family homes led the market, reaching a median price of $443,000. What's particularly noteworthy is that prices increased even as closed sales declined. That tells us values are being supported by limited inventory and a growing pipeline of buyer activity. We're seeing fewer homeowners choose to list their properties.
New listings declined 13% compared to the same period last year, while active inventory fell approximately 10%. Simply put, fewer sellers are entering the market, which means buyers have fewer options than they did a year ago. That supply constraint continues to provide support for home values across much of the valley.
Demand appears stronger than the closed sales numbers alone would suggest. While closed transactions were down 4% year over year, pending sales increased 13%, indicating that many buyers remain active in the market and a significant number of transactions are still working their way toward closing.
We are also seeing a return to more normal market conditions. Average days on market increased from 39 days to 46 days year over year. I don't view that as a sign of weakness. Instead, it reflects a healthier and more balanced market where buyers have more time to evaluate their options and sellers need to be more intentional with pricing, presentation, and marketing strategy.
One important trend to watch is the difference between property types. Single-family homes continue to be the strongest-performing segment of the market, while condominiums and townhomes remain under greater pricing pressure. Not every segment of the market is moving in the same direction, which is why local expertise and property-specific strategy have become increasingly important.
The bottom line is this: Las Vegas is not experiencing a runaway seller's market, nor is it showing signs of significant weakness. We are operating in a more balanced, selective, and price-supported environment.
Sellers still have meaningful opportunities, but execution matters. Buyers have more negotiating power than they did a few years ago, but with inventory remaining limited, the best homes continue to attract strong interest and move quickly.
Looking for the best real estate agent in Las Vegas? Start by interviewing agents who can demonstrate local market expertise, a proven track record and a clear strategy tailored to your goals.
