June 16, 2025

Las Vegas Real Estate Market Update: June 4th – June 11th, 2025

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.

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 achieving nearly full asking price.
• 33 Days on Market – Homes are selling fast but with just enough breathing room for buyers.
• 17.5 Weeks of Supply – Rising inventory, slightly favoring buyers.
• 671 New Listings – More fresh options for eager buyers.
• 6,743 Active Listings – A deep pool of homes for every taste and budget.
• 385 Homes Sold This Week – Healthy sales showing strong demand.
• 466 Homes Under Contract – Buyers are serious and moving forward.
• $680,000 Average Weekly Sales Price – A solid value, reflecting a healthy market mix.
• $15,500,000 Highest Sale This Week – Luxury properties are stealing the show in Vegas.

Home Prices: Are They Rising or Falling?

Las Vegas home prices remained steady this week, with an impressive average sales price of $680,000. This slight bump shows that well-priced homes—especially luxury or turnkey—are commanding solid offers.

Will prices keep rising? Demand is still healthy, but growing inventory might ease future price spikes. Well-maintained, move-in-ready homes will always attract top dollar.

Days on Market: How Fast Are Homes Selling?

Homes spent an average of 33 days on the market this week, giving buyers a bit of wiggle room but not too much time to procrastinate.

For sellers, this shows why smart pricing and excellent presentation matter—homes that shine are selling in about a month or less.

Inventory Levels: Are There Enough Homes for Buyers?

The market saw 671 new listings this week, raising total active inventory to 6,743. With 17.5 weeks of supply, buyers have more options than they did last spring.

For buyers, this means less bidding war stress and more negotiating leverage. For sellers, this means you must price realistically and ensure your home stands out.

Sales Volume: How Many Homes Are Changing Hands?

This week, 385 homes sold—a strong sign that buyers are still motivated despite interest rates. Meanwhile, 466 homes went under contract, indicating steady transaction momentum.

Even as we slide into summer, the Las Vegas housing market shows no signs of hitting the brakes.

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How This Week Compares to Last Year

Market Trends Year Over Year

Here’s how this week’s numbers stack up to last year’s:
• Active Listings: 6,743 vs. 5,800 last year.
• Homes Sold: 385 vs. 365 last year.
• Under Contract: 466 vs. 450 last year.

The takeaway? More inventory, more buyer choice, but also steady buyer demand.

The Role of Interest Rates in the Market

Higher rates continue to shape buying decisions. But savvy buyers are getting creative—using rate buydowns, adjustable loans, and negotiating seller credits. Instead of stalling, the market is adapting.

What This Means for Buyers and Sellers

Advice for Buyers: Navigating the Market

• Take your time—there’s more to choose from, so pick wisely.
• Get pre-approved before shopping.
• Don’t hesitate when you find the one—good homes still go fast!

Advice for Sellers: Maximizing Your Sale

• Price competitively from day one.
• Invest in staging and high-quality photography.
• Work with a trusted agent who knows how to market in this shifting landscape.

Spotlight on Las Vegas Neighborhoods

Most Popular Areas for Buyers

• Summerlin – Still the gold standard for master-planned living.
• Henderson – Balancing suburban charm with upscale developments.
• Southwest Las Vegas – Growing fast with modern builds and easy access to everything.

Hidden Gems for Great Deals

• North Las Vegas – Great value for buyers seeking space and newer homes.
• Downtown Las Vegas – Revitalized, vibrant, and walkable.

Market Predictions: What Lies Ahead

Home Prices: Stability or Growth?

Most experts predict stable prices through the summer, with moderate growth in prime neighborhoods like Summerlin and Henderson.

Inventory Projections for the Coming Months

Expect inventory to continue its upward trend—great news for buyers looking to negotiate. Sellers will need to stay competitive and flexible.

Conclusion

The Las Vegas real estate market remains steady and balanced. More inventory means less stress for buyers and more competition for sellers. Whether you’re planning to buy your dream home or sell for top dollar, now is a smart time to make your move.

Thinking of buying or selling? Contact The Brendan King Group @ REAL for local expertise and a strategy designed just for you.

FAQs

1. Is it a buyer’s or seller’s market right now?
It’s leaning toward a balanced market with a slight edge for buyers thanks to rising inventory.

2. Will home prices drop this summer?
Prices should stay stable with slight increases in hot areas.

3. How long are homes taking to sell?
On average, about 33 days for most homes; luxury listings average about 48 days.

4. Are luxury buyers still active?
Yes—this week’s $15.5M sale proves the luxury market is alive and well.

5. What neighborhoods offer the best value?
North Las Vegas for affordable new builds; Downtown Las Vegas for urban charm at great prices.

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

Luxury Market Spotlight: $15.5M Sale of the Week

The luxury market is buzzing: the highest sale this week hit $15,500,000. That’s not pocket change, and it shows that high-net-worth buyers still see Las Vegas as a prime investment and lifestyle market.

Luxury homes over $1M averaged $2,309,106 and spent about 48 days on market—a bit longer than mid-tier homes but quick for this price range.

Current luxury snapshot:
• 1,239 Active Listings
• 89 New Listings This Week
• 39 Sold
• 38 Under Contract