🏡 Las Vegas Real Estate Market Update – July 7, 2025
As we move deeper into summer, the Las Vegas real estate market continues to show steady and balanced activity. Here’s a quick breakdown of how the market shifted between June 30th and July 7th:
💰 Home Prices Remain Stable
The median sales price saw a slight dip, moving from $486,000 to $485,000.
On the other hand, the average sales price increased slightly from $635,000 to $636,000.
These numbers suggest the market is holding firm. While buyers may be negotiating more conservatively in the median range, there’s still movement in the higher-end property space, keeping average prices up.
🏘️ Inventory Holding Steady
Active single-family residences (SFR) rose very slightly from 7,492 to 7,498.
Total active properties increased by just 11 homes, from 10,491 to 10,502.
The minimal increase in inventory indicates the market isn’t being flooded with new listings. It remains a relatively tight market for both buyers and sellers.
📉 Buyer Activity Cools Slightly
Homes under contract dropped from 3,065 to 2,958, a decrease of 107.
This could reflect seasonal buyer hesitation or a temporary pause as buyers re-evaluate interest rates or financial readiness.
🗓️ Consistent Pace of Sales
The average days on market remains unchanged at 37 days.
This is a good sign that properties are neither moving too slowly nor flying off the shelves. It reflects a balanced market environment where buyers and sellers have relatively equal footing.
📈 Monthly Activity on the Rise
SFR transactions this month grew from 1,726 to 1,947.
Total property activity this month increased from 2,229 to 2,525.
This rise in monthly activity shows that even with a dip in contracts this week, the market is still active overall—with sellers listing and deals closing at a steady pace.
🔍 What This Means
The Las Vegas real estate market remains stable and resilient. Minor fluctuations in pricing and buyer activity are normal, especially during the summer months. While under contracts dipped slightly, increased monthly activity and consistent inventory levels suggest we’re in a healthy, balanced phase.
Whether you're buying, selling, or simply keeping an eye on trends, it's important to stay updated with weekly shifts. For more insights or help navigating the market, feel free to reach out!
