July 15, 2025

Las Vegas Real Estate Market Update: July 2nd – July 9th, 2025

Here is what happened in the Las Vegas Real Estate Market for the week of July 2nd – July 9th with Brendan from The Brendan King Group @ REAL

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:

97% of List Price Received – Sellers are still seeing strong offers near asking price.
41 Days on Market – Homes are moving, but not flying off the shelves.
20 Weeks of Supply – A slightly buyer-leaning market with plenty of options.
490 New Listings – An influx of fresh homes for buyers to explore.
6,123 Active Listings – The market is well-stocked, offering solid variety.
293 Homes Sold This Week – A healthy number of closings across price ranges.
382 Homes Under Contract – Buyer activity remains steady.
$658,742 Average Weekly Sales Price – Holding strong in a stable market.
$10,750,000 Highest Sale This Week – Luxury real estate is alive and well in Las Vegas.

Home Prices: Are They Rising or Falling?

This week, the average sales price landed at $658,742, reflecting consistency in buyer demand and seller expectations. Pricing has remained stable despite the seasonal slowdown and higher interest rates.

If you’re wondering whether prices will drop—don’t count on it. Inventory is healthy, but buyer demand (especially in prime areas) is still strong enough to keep prices from slipping.

Days on Market: How Fast Are Homes Selling?

Homes sold in an average of 41 days, giving buyers more breathing room than in past frenzies. Compared to early 2023, that’s a more relaxed pace.

For sellers, this means pricing strategy is key. Homes that are overpriced risk sitting, while well-prepped, competitively priced homes are still moving within 4–6 weeks.

Inventory Levels: Are There Enough Homes for Buyers?

Las Vegas saw 490 new listings, bringing the total to 6,123 active listings. With a 20-week supply, the market has tipped slightly in favor of buyers.

Buyers now have more selection and time to evaluate homes—meaning fewer bidding wars and more room for negotiation. Sellers should step up their marketing game to compete in a fuller inventory pool.

Sales Volume: How Many Homes Are Changing Hands?

A total of 293 homes were sold this week, showing stable market movement. While slightly lower than spring highs, this is solid activity for midsummer.

On top of that, 382 homes went under contract, suggesting that buyer confidence hasn’t wavered much despite economic uncertainty or vacation season distractions.

How This Week Compares to Last Year

Let’s take a look at how we’re doing compared to the same time in 2024:

Active Listings: 6,123 (2025) vs. 5,341 (2024)
Homes Sold: 293 (2025) vs. 194 (2024)
Under Contract: 382 (2025) vs. 294 (2024)

Clearly, the market has picked up momentum compared to last July—despite higher interest rates. A greater number of homes are selling, and more buyers are taking action, signaling strong engagement.

The Role of Interest Rates in the Market

Interest rates remain in the 6.75%–7.25% range, which has led to more buyers exploring adjustable-rate mortgages (ARMs) and seller concessions like rate buydowns.

While affordability challenges persist, creative financing strategies and a competitive lending market are helping keep deals moving forward.

What This Means for Buyers and Sellers

Advice for Buyers: Navigating the Market

You have options. Take advantage of the higher inventory to negotiate terms.
Be patient, but ready—well-priced homes still attract quick offers.
Secure pre-approval before house hunting—it strengthens your position.

Advice for Sellers: Maximizing Your Sale

Don’t overprice. Today’s buyer is savvy and data-driven.
Professional photography and staging can make or break buyer interest.
Consider offering incentives, like closing cost credits, to stand out.

Spotlight on Las Vegas Neighborhoods

Most Popular Areas for Buyers

Summerlin – Continues to dominate with luxury homes and family-friendly amenities.
Henderson – Highly desirable for commuters and retirees alike.
Southwest Las Vegas – Affordable new builds and rapid development.

Hidden Gems for Great Deals

North Las Vegas – New developments with attractive price points.
Downtown Las Vegas – Walkability, history, and urban revitalization are drawing younger buyers and investors.

Market Predictions: What Lies Ahead

Home Prices: Stability or Growth?

Experts predict that home prices will hold steady, with slight appreciation in high-demand areas like Summerlin and Henderson. Inventory is expected to keep prices in check city-wide.

Inventory Projections for the Coming Months

Expect gradual inventory increases through late summer, giving buyers more options. For sellers, this means more competition—so strategic listing timing and pricing will be essential.

Conclusion

The Las Vegas real estate market for July 2nd – July 9th shows a balanced, healthy pace with strong buyer activity and stable prices. Whether you’re in the market for a luxury home, a starter condo, or an investment property, there’s opportunity on the horizon.

Want to make your move with confidence? Contact The Brendan King Group @ REAL today for expert insights, personalized strategy, and a team that knows Vegas inside and out.

FAQs

1. Is it a buyer’s or seller’s market right now?
It leans slightly toward buyers, thanks to increased inventory and moderate days on market.

2. Will home prices in Las Vegas drop soon?
Unlikely—prices remain stable, and demand in prime areas is still high.

3. How long are homes staying on the market?
The average is about 41 days, though move-in-ready homes sell faster.

4. Should I buy now or wait for rates to drop?
If you find the right home, act now—rate drops aren’t guaranteed, and you can always refinance later.

5. What’s happening in the luxury home market?
It’s still thriving! High-end homes are selling with strong price points, especially those with top-tier finishes and views.

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AREYOU LOOKING FOR A HOME OVER $1,000,000 CHECK OUT OUR LUXURY DIVISION WWW.BKGLUXURY.COM

Luxury Market Spotlight: $10.75M Sale of the Week

Las Vegas luxury real estate continues to set records. The highest-priced home sold this week fetched $10,750,000—a showcase of premier location, elite design, and top-tier features.

Homes priced at $1 million and up averaged $2,362,083 in sale price, with 24 properties sold, 68 new luxury listings, and 35 under contract. The high-end market remains resilient and attractive, especially to out-of-state and cash buyers.