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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 getting close to their asking price.
- 35 Days on Market – Homes are selling at a steady pace, faster than many national averages.
- 18 Weeks of Supply – A healthy, balanced supply favoring neither side too heavily.
- 613 New Listings – More opportunities for buyers entering the market.
- 6,991 Active Listings – Plenty of choices across all price points.
- 387 Homes Sold This Week – Consistent transaction levels citywide.
- 455 Homes Under Contract – Strong buyer demand still in play.
- $581,721 Average Weekly Sales Price – Reflecting stable mid-to-high price demand.
- $7,000,000 Highest Sale This Week – The luxury sector continues to shine.
Home Prices: Are They Rising or Falling?
Las Vegas home prices averaged $581,721 this week. While that’s a bit lower than peak months, it’s still an impressive reflection of strong buyer demand, especially in the mid-to-upper price ranges. So, are prices rising or falling? Right now, they’re holding steady. Growing inventory is keeping prices from soaring, but homes in great condition are still commanding strong offers.
Days on Market: How Fast Are Homes Selling?
Homes spent an average of 35 days on the market, showing a healthy balance between quick sales and buyer breathing room.
For buyers, this means you don’t need to rush into an offer like in the frenzied pandemic years. For sellers, it highlights the importance of pricing your home competitively—overpriced properties risk sitting longer.
Inventory Levels: Are There Enough Homes for Buyers?
This week brought 613 new listings, pushing active inventory to 6,991 homes across Las Vegas. With 18 weeks of supply, buyers have more room to shop and negotiate.
For buyers, this is good news—more choices and less competition. For sellers, it means you’ll need to lean on strong presentation and smart pricing to make your home stand out.
Sales Volume: How Many Homes Are Changing Hands?
The Las Vegas market saw 387 homes sold this week, a steady pace for summer. Even more promising, 455 homes went under contract, showing that buyers are still active and motivated despite cautious market conditions.
This balance between sales and pending contracts suggests a stable flow of activity heading into late summer.
How This Week Compares to Last Year
Market Trends Year Over Year
Here’s how the market compares to the same week in 2024:
- Active Listings: 6,991 vs. 5,341 last year.
- Homes Sold: 387 vs. 194 last year.
- Under Contract: 455 vs. 294 last year.
Clearly, there’s more inventory on the market this year, but sales are also stronger—pointing to a healthier, more active environment.
The Role of Interest Rates in the Market
Interest rates continue to influence buyer decisions. While some remain cautious, creative financing solutions like buydowns and ARMs are keeping deals alive. Serious buyers are adjusting, and motivated sellers are meeting them halfway.
What This Means for Buyers and Sellers
Advice for Buyers: Navigating the Market
- Take advantage of the growing inventory and negotiate favorable terms.
- Don’t rush—homes are spending about a month on the market, giving you time to decide.
- Keep an eye on competitively priced properties; those still move quickly.
Advice for Sellers: Maximizing Your Sale
- Price your home smartly—homes are selling at 98% of list price, so buyers expect fair value.
- Invest in staging and professional photos to make your property pop.
- Partner with a skilled agent to target the right buyers and close efficiently.
Spotlight on Las Vegas Neighborhoods
Most Popular Areas for Buyers
- Summerlin – Known for its luxury homes, golf courses, and family-friendly vibe.
- Henderson – Blending affordability with upscale living, still a top choice.
- The Strip & Surrounding Areas – A hotspot for condos and second-home buyers.
Hidden Gems for Great Deals
- North Las Vegas – Offering affordable options and new developments.
- Downtown Las Vegas – Urban lifestyle with revitalized communities and walkability.
Market Predictions: What Lies Ahead
Home Prices: Stability or Growth?
Analysts predict that prices will remain steady, with minor increases in high-demand areas like Summerlin and Henderson.
Inventory Projections for the Coming Months
Expect a slight rise in inventory as we move toward fall, giving buyers more options while keeping the market balanced. Sellers who prepare their homes properly will still find success.
Conclusion
The Las Vegas real estate market between August 7th – August 13th, 2025 is showing signs of balance and strength. Sellers are still receiving strong offers, buyers have more breathing room with increased inventory, and the luxury market is thriving with multi-million-dollar deals.
Whether you’re buying your first home, investing in a condo near The Strip, or selling a luxury property, staying informed about these trends will help you make the best decision.
Thinking of buying or selling? Contact The Brendan King Group @ REAL today for expert guidance and tailored strategies!
FAQs
1. Is it a buyer’s or seller’s market right now?
It’s leaning toward balanced, with buyers gaining options and sellers still closing strong.
2. Will home prices drop in Las Vegas?
Prices are steady, with small increases expected in desirable neighborhoods.
3. How long are homes taking to sell this week?
On average, homes are selling in 35 days, with luxury homes at 49 days.
4. Should I sell my home now or wait?
Now is a solid time to sell—buyers are active, and sellers are still achieving close to asking price.
5. What neighborhoods are most popular for buyers right now?
Summerlin, Henderson, and Downtown Las Vegas are leading the pack, each appealing to different buyer lifestyles.
AREYOU LOOKING FOR A HOME OVER $1,000,000 CHECK OUT OUR LUXURY DIVISION WWW.BKGLUXURY.COM
Luxury Market Spotlight: $7M Sale of the Week
The luxury segment continues to make headlines. The most expensive home sold this week closed at an impressive $7,000,000.
Luxury highlights this week include:
- $1,751,387 average sales price for homes over $1M.
- 49 days on market for luxury properties.
- 1,198 active listings priced above $1M.
- 67 new luxury listings entered the market.
- 27 homes sold and 29 under contract in the $1M+ category.
The luxury sector is moving at a slower but steady pace, offering buyers more selection while sellers continue to see strong values.
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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