Las Vegas homebuilders opened three new product lines in June, bringing 133 lots into the market.
Home Builders Research reported Lennar opened Orion Heights, a small townhome community in the northwest valley.
Sekisui House US debuted Cactus Bloomin Summerlin under the Richmond American Homes brand with larger, single-story homes on large lots. The third was Toll Brothers opening Ivyleaf Square in the southwest under the Storybook Homes brand, priced in the $500,000s.
D.R. Horton was June’s top-selling builder with 108 net sales. D.R. Horton’s Heartland Trails in North Las Vegas and Symmetry Trails II in Henderson were the top-selling subdivisions with 14 net sales in June.
As for the valley’s total home closings, there were 664 in June, a 12 percent decline from June 2025. The 2026 total of 4,044 is 22 percent below 2025 to this point, Smith said. For the second quarter, the 2,102 closings were down 18 percent from the second quarter 2025.
There were 586 single-family detached closings in June, 21 percent fewer than a year ago. The 2026 total of 3,032 is 19 percent below the 2025 figure through June.
Attached products closed 188 units in June, 32 percent fewer than in June 2025. The 2026 total of 1,012 is down 29 percent year to year, Smith said.
The new home market share in terms of overall closings was 21 percent in June, Smith said. The market share for attached new home products in June was 24 percent.
For the year, Henderson leads the way with 29 percent of the new home sales, up from 28 percent a year ago. The northwest valley stayed steady at 23 percent. The biggest shift was in the southwest valley, which fell from 25 percent a year ago to 22 percent this year. North Las Vegas rose from 16 percent a year ago to 17 percent this year.
According to Clark County data, nearly 16 percent of new home closings in June were cash transactions. Of those that were financed, the average loan amount was $454,924. The largest loan for a new home closing in June was $6 million by JP Morgan Chase for a custom home in Ascaya in Henderson.
The median new home closing price for all product types was $525,000 in June 2026, unchanged from June 2025. The median new home closing price for single family detached products was $569,000, down 5 percent from June 2025. For attached product types, the June 2026 new home median closing price was $379,650, 4 percent lower than June 2025, Smith said.
Base asking prices continue to slowly shift higher. In 2026, over 30 percent of net sales have come in communities with an average base asking price of more than $600,000 compared with 26 percent overall in 2025, Smith said.
June builder permits remained steady compared with 2025 with 611, some 1 percent lower than a year ago. The 2026 total of 4,156l, however, is 25 percent below the same point in 2025.
Looking specifically at the second quarter, Las Vegas-based Home Builders Research President Andrew Smith said the total of 2,045 was 12 percent below the second quarter of 2025.
Vacant land purchases by homebuilders yielded seven closings in June, adding about 93 acres to their portfolios. Assuming an average of 10 units per acre, this equates to around 930 new homes, or less than two months of inventory at June’s sales pace, Smith said.
Century Communities added a 10-acre piece in the new Skye Summit master-planned community in the northwest for $1.339 million per acre.
Private builders Contour Homes added 1.6 acres in the east submarket for $251,572 per acre while Signature Homes added 2.11 acres in the northwest at $599,526 per acre.
The Howard Hughes Company closed three transactions with builders for land in Summerlin, with KB Home, Pulte Group and Tri Pointe homes adding land in Village 27 for roughly $1.7 million per acre each, Smith said.
