Market Overview The Greater Las Vegas real estate market in May stalled noticeably, leaving 2025 closed units 6.1% behind 2024 and closed volume down 2.8% from 2024. the Median price of Single Family Residential (SFR) held at $480,000. the Average price an SFR closing retreated from $608,800 to $595,395 – a 2.2% decrease from April. The luxury market led the May market with 171 closin