The Las Vegas median home price hit $490,000 in June 2026, tying its all-time record. The metro area faces a shortage of 80,000 to 96,000 housing units. The ROAD Act’s institutional investor restrictions (effective January 2027) could slow the removal of single-family homes from the resale market, and new ADU and adaptive reuse provisions may gradually increase supply. However, the law does not lower interest rates or immediately increase inventory. (8 News Now, FOX5 Vegas)