June was a surprisingly active month in the Las Vegas guard-gated market. Inventory remained nearly unchanged, but closed sales rose by more than 20%, and over half of all buyers paid cash. The result was a market that varied significantly by price range.
At the end of June, 495 homes were actively listed—down just 1% from May and up just 1% from last year. Pending sales fell 14% month over month to 93 but remained 8% higher than June 2025. Meanwhile, closed sales climbed to 105, up 21% from May and 28% year over year.
The market split at the $2.5 million price mark. Below that level, sellers generally held the advantage, with 5 months of supply or less. Above $2.5 million, supply ranged from 9.8 to 56 months, giving buyers more negotiating power.
Well-priced homes still moved quickly: 64% sold within 30 days of their last price, 89% within 60 days, and only 4% took longer than 90 days. Cash buyers accounted for 53% of all June sales, up from 47% in May.
The numbers tell you what happened. Understanding what they mean is where experience matters. If you’re considering a move, reach out for guidance based on your price range, community, and goals.
Understanding the Data
Active Listings are homes that are currently on the market and available for sale. This is the pool of options that buyers can choose from at any given time.
Under Contract (also referred to as Pending or In Escrow) means a buyer and seller have agreed on a deal. From there, it usually takes 30–45 days to complete inspections, finalize financing, and close the sale.
Closed Sales represent homes that have completed the entire sales process. The buyer and seller have fulfilled all conditions, funds have been transferred, and the property has officially changed ownership.
Expired indicates a home was on the market, but the listing agreement expired and the home failed to sell.
Months of Supply is one of the most reliable indicators for gauging the balance between supply and demand in any housing market. It measures how long the current inventory would last at the existing sales pace—expressed in months, not the number of homes for sale. Around 6-7 months of supply is considered a balanced market. When supply falls below that level, it becomes a seller’s market where prices tend to rise; when it rises above, it shifts to a buyer’s market where prices may decline. The further Months of Supply moves from this midpoint, the stronger those price movements tend to be.
Market Trends – June 2026
Sold Properties – June 2026
You can download a detailed spreadsheet of last month’s sales data—including final sold prices, original list prices, price reductions, previous sales dates, percent appreciations, and more—by clicking here.
Please reference the following info to help you understand the spreadsheet:
*Sold without being listed on the Multiple Listing Service (MLS).
†Missing data for the % Increase, Last Sold Price, and Last Sold Date because there was no prior sale as a completed property.
§Previous sale was a foreclosure transfer/trustee sale.
When you encounter a negative number for % OFF LAST PRICE and % OFF ORIGINAL PRICE, this means the sales price was higher.
REO – Real Estate Owned/Bank Foreclosure
DOM – Days on Market
