The Las Vegas real estate market is slowing down, yet desirable homes still receive multiple offers, while overpriced homes face challenges. We recommend using this real estate market update as a guide, understanding that real estate conditions are local and can vary by region. This means you may experience a sellers’ market or a buyers’ market depending on your specific local area. Thinking of buying, selling, or just have questions? Click SCHEDULE YOUR FREE CONSULTATION in the upper right-hand corner of your screen or call us directly at (702) 605-2269. All data is May 2022 numbers, supplied by the Las Vegas Realtors. Deemed reliable but not guaranteed. Share this article.