Inventory has been building and buyers have gained negotiating leverage compared with the 2021 market. We publish the actual figures monthly rather than characterising the market in general terms — see the Las Vegas housing market hub for current median price, price per square foot, inventory and days on market.

It varies by price band and by area, which is why a single label is misleading. Summerlin, Henderson and the Southwest have moved at noticeably different speeds in the same quarter. The monthly reports break the figures down by area so you can see which applies to yours.

Henderson is a separate incorporated city with its own mayor, police and permitting. Enterprise is an unincorporated town governed directly by Clark County, with no municipal government of its own — though its addresses still read "Las Vegas." The City of Las Vegas is a third thing again, and much of what people call Las Vegas, including the Strip, is actually unincorporated county. See the Henderson and Enterprise guides.

They sit on opposite sides of the valley and trade different things. Summerlin has Red Rock adjacency, over 200 miles of connected trails and a single-developer master plan, at a higher median price. Henderson is an incorporated city with a wider range of housing eras, more no-HOA inventory and generally better airport access. Compare the Summerlin and Henderson guides directly.

Nevada has no state income tax, but property tax works differently from most states and the seller's bill is often not the bill you'll inherit. HOA coverage is near-universal in newer areas and fees stack in layers. Start with the relocation guide, or the California-specific guide if that's where you're coming from.

Yes, concentrated in Summerlin West, the western and southern edges of the Southwest and Enterprise, and Inspirada and Cadence in Henderson. Builder line-ups, phases, pricing and incentives change constantly. Read buying new construction before you visit a sales office — particularly the part about bringing your own representation on the first visit.

Search every active listing in the valley on the home search page, filterable by area, price and property type, with alerts when new listings match what you're looking for.

Monthly. A new Las Vegas market report is published each month from MLS figures, with valley-wide numbers and a neighbourhood-level breakdown. Nine monthly reports are currently live, alongside the quarterly new-home market data.