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If you're keeping an eye on the Las Vegas real estate market, this update is for you! Whether you're buying, selling, or investing, knowing the latest trends can give you an edge. So, what’s been happening in Vegas this past week? Buckle up—we’re diving deep into the numbers, trends, and what it all means for you.
Key Market Insights This Week
Before we get into the nitty-gritty, let’s highlight some major takeaways from this week’s market activity:
- 98% of List Price Received – Sellers are still achieving near their asking price.
- 40 Days on Market – Homes are taking a bit longer to sell, giving buyers more flexibility.
- 19 Weeks of Supply – Leaning toward a buyer’s market with plenty of inventory.
- 610 New Listings – More opportunities hitting the market for buyers.
- 6,946 Active Listings – A wide range of homes available across the valley.
- 365 Homes Sold This Week – Sales remain steady despite longer days on market.
- 447 Homes Under Contract – Healthy buyer activity showing confidence.
- $551,477 Average Weekly Sales Price – Reflecting balanced mid-market demand.
- $2,850,000 Highest Sale This Week – The luxury segment continues to make headlines
Home Prices: Are They Rising or Falling?
Las Vegas home prices averaged $551,477 this week, showing a stable market overall. While inventory is growing, prices aren’t slipping, which means demand is still keeping pace with supply. If you’re asking whether prices will rise further, the answer depends on how long inventory stays elevated. For now, homes that are priced competitively and move-in ready are still commanding strong offers.
Days on Market: How Fast Are Homes Selling?
Homes averaged 40 days on the market this week. Compared to the rapid pace of recent years, this gives buyers breathing room.
For sellers, this means pricing is more important than ever. Homes that are overpriced risk sitting too long, leading to eventual price reductions.
Inventory Levels: Are There Enough Homes for Buyers?
This week brought 610 new listings, bringing the total to 6,946 active listings. With 19 weeks of supply, the market leans toward buyers, but sellers who prepare and price smartly can still succeed.
- Buyers: More choices and room to negotiate.
- Sellers: Focus on presentation—stand out with staging and strong marketing.
Sales Volume: How Many Homes Are Changing Hands?
There were 365 homes sold this week, a solid level of transactions across the city. In addition, 447 homes went under contract, signaling continued buyer confidence.
This balance between sales and contracts suggests that while buyers are taking more time, they’re still making strong moves when the right property comes along.
How This Week Compares to Last Year
Market Trends Year Over Year
Here’s how the Las Vegas real estate market stacks up against the same week last year:
- Active Listings: 6,946 vs. fewer available last year.
- Homes Sold: 365 vs. around 350 last year.
- Under Contract: 447 vs. slightly fewer last year.
The market is showing healthier balance overall—buyers have more options, but demand remains steady.
The Role of Interest Rates in the Market
Interest rates remain a factor in buyer decision-making. Many buyers are working with creative options such as rate buydowns or adjustable-rate mortgages (ARMs) to secure affordability.
What This Means for Buyers and Sellers
Advice for Buyers: Navigating the Market
- Use the higher inventory to your advantage—negotiate inspection credits or closing costs.
- Take your time; homes aren’t flying off the market as quickly.
- Focus on homes priced right, as those are still moving fastest.
Advice for Sellers: Maximizing Your Sale
- Price your home competitively from day one.
- Stage your property to make it stand out online.
- Partner with a skilled agent who can leverage digital marketing to attract serious buyers.
Spotlight on Las Vegas Neighborhoods
Most Popular Areas for Buyers
- Summerlin – Family-friendly, master-planned community with strong luxury appeal.
- Henderson – A mix of affordability and high-end living with top schools.
- Southwest Las Vegas – Modern homes, great amenities, and fast growth.
Hidden Gems for Great Deals
- North Las Vegas – Affordable homes with new developments rising.
- Downtown Las Vegas – Walkable, urban living with revitalized neighborhoods.
Market Predictions: What Lies Ahead
Home Prices: Stability or Growth?
Analysts predict stability with mild appreciation in top neighborhoods like Summerlin, Henderson, and The Ridges.
Inventory Projections for the Coming Months
Inventory is expected to stay elevated as more homes hit the market. This will continue giving buyers leverage while keeping prices from spiking.
Conclusion
The Las Vegas real estate market for August 14th – August 20th, 2025, reflects a steady and balanced environment. Buyers benefit from more inventory and negotiating power, while sellers can still achieve strong prices with smart strategies.
Whether you’re eyeing a luxury property or an affordable starter home, staying informed on weekly trends is your best tool for success.
Thinking of buying or selling? Contact The Brendan King Group @ REAL today for expert advice and personalized guidance!
FAQs
1. Is it a buyer’s or seller’s market right now?
It’s leaning toward a buyer’s market, with 19 weeks of supply.
2. Will home prices drop in Las Vegas?
Prices are holding steady, though higher inventory may slow future price growth.
3. How long do homes take to sell in Las Vegas?
On average, homes are selling in about 40 days.
4. Should I sell my home now or wait?
If priced correctly, now is still a good time to sell, with buyers actively making offers.
5. What are the top neighborhoods to buy a home in Las Vegas?
Summerlin, Henderson, and Southwest Las Vegas remain highly desirable, while North Las Vegas and Downtown offer great value.
AREYOU LOOKING FOR A HOME OVER $1,000,000 CHECK OUT OUR LUXURY DIVISION WWW.BKGLUXURY.COM
Luxury Market Spotlight: $2.85M Sale of the Week
The luxury market remains a standout. This week’s top sale reached $2,850,000, reflecting strong demand for high-end homes.
Other luxury stats for the week include:
- $1,610,026 average luxury sales price (homes over $1M).
- 46 average days on market for luxury properties.
- 1,199 active listings across the luxury segment.
- 19 luxury homes sold and 35 under contract.
Even with longer days on market, the luxury sector continues to draw buyers looking for exclusivity, space, and lifestyle.
To receive the Market Updates weekly
Text: Market To: 702-553-1955
Brendan King S.0171492
The Brendan King Group
Office: 702-625-3457
Email: info@kingvegashomes.com
Website: https://www.kingvegashomes.com/
Real Broker, LLC
7997 W. Sahara Ave. #101 Las Vegas, NV 89117
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