Strength 4 / 5
6.2 mo
Paradise supply now 6.2 months — buyer's market
Six-plus months of supply in Paradise — this is a buyer's market by the textbook definition.
Markets › Nevada
Nevada housing market
In the Silver State, part of the Census Bureau's Mountain division, Pecan Street tracks three markets. Median sale prices run from $453K in Las Vegas to $581K in Reno as of Aug 2026. Two of three are higher than a year earlier and one is lower; Reno leads at +5.3% and Carson City trails at -0.5%.
Homes sit longest in Las Vegas (58 median days on market) and sell fastest in Carson City (53 days). The share of active listings with a price cut runs from 38% in Las Vegas to 50% in Carson City. Price-to-rent ratios run from about 16 in Las Vegas to 21 in Carson City, measured as years of HUD Fair Market Rent per median sale price. Among the 195 U.S. metros Pecan Street tracks, the Carson City metro has the 14th-highest share of listings with a price cut. Nevada's unemployment rate was 4.8% in Aug 2026 (BLS via FRED). The national rate was 4.2% in Sep 2026.
Markets at a glance
| Market | Median sale price | YoY | Days on market | Price-cut share | Price-to-rent |
|---|---|---|---|---|---|
| Carson City | $510K | -0.5% | 53 | 50% | ≈ 21 |
| Las Vegas | $453K | +0.4% | 58 | 38% | ≈ 16 |
| Reno | $581K | +5.3% | 54 | 43% | ≈ 20 |
Median sale price and year-over-year change from Redfin (rolling three months); median days on market and the share of active listings with a price cut from Realtor.com; price-to-rent is each market page's figure (its median sale price over a year of HUD Fair Market Rent). Figures are per metro market, not statewide.