In this video, I break down the latest Las Vegas housing market data and why I’m calling it a shift from February 2025 to February 2026. We’re seeing home sales down about 10% year over year, active inventory up around 7%, and supply up about 0.6 months. Days on market is also stretching out (roughly 36 days to 46 days), which is a big signal that we’re not in the same frenzy we’ve had the last few years. I also zoom in on what’s happening right now on the ground: about 6,067 single-family homes actively listed, with a median price holding around $510,000 over the last week, $263 per square foot, and roughly 29 days on market on average in that snapshot. My takeaway is simple—prices haven’t collapsed, but leverage is starting to tilt back toward buyers because there are more options and homes are taking longer to sell. For sellers, this market is less forgiving: pricing, condition, and location matter more than ever, and overpriced listings can sit and need reductions. For buyers, this is where opportunity shows up—negotiating price, closing costs, rate buydowns, or repairs becomes more realistic, especially if you’ve been waiting for less competition.