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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 into the numbers, the momentum, and what it all means for you right now.
Key Market Insights This Week
Before we get into the nitty-gritty, let’s highlight some major takeaways from this week’s market activity with Brendan from The Brendan King Group @ REAL:
- 97% of List Price Received – Sellers are still landing close to asking price, showing pricing strength.
- 46 Days on Market – Homes are selling steadily, but buyers aren’t rushed.
- 18 Weeks of Supply – A balanced market that gives both buyers and sellers room to win.
- 458 New Listings – Fresh opportunities continue to hit the market.
- 7,023 Active Listings – Plenty of choices for buyers across the valley.
- 381 Homes Sold This Week – Solid weekly sales volume.
- 402 Homes Under Contract – Strong buyer activity moving into the pipeline.
- $621,731 Average Weekly Sales Price – Prices are holding steady in the mid-to-upper range.
- $5,800,000 Highest Sale This Week – Luxury made a big splash at the top end.
Home Prices: Are They Rising or Falling?
Las Vegas home prices remained steady this week, with an average sales price of $621,731. That’s a strong sign that demand is still healthy and sellers aren’t being forced into steep discounts.
But here’s the real story: price strength is selective. Homes that are updated, clean, and priced correctly are still selling close to list price. Meanwhile, homes that are overpriced or need work are the ones getting negotiated down.
So are prices rising or falling? This week points to steady prices with pressure on homes that don’t show well or aren’t priced right.
Days on Market: How Fast Are Homes Selling?
Homes spent an average of 46 days on the market this week, giving buyers more breathing room compared to the rapid-fire pace of past years.
For sellers, this is a reminder that pricing isn’t a guessing game anymore. If a home is priced too high, buyers will skip it — because they’ve got options. Good homes still move, but they need to feel like a fair deal.
Inventory Levels: Are There Enough Homes for Buyers?
The market saw 458 new listings this week, bringing total active listings to 7,023. That’s a healthy amount of inventory — enough to keep buyers from feeling trapped, but not so much that prices collapse.
With 18 weeks of supply, Las Vegas is sitting in a balanced zone. Buyers can shop and compare without panic, while sellers still benefit from stable demand.
Bottom line:
- Buyers have more choice and leverage.
- Sellers need strong presentation and realistic pricing.
Sales Volume: How Many Homes Are Changing Hands?
This week, 381 homes sold, showing active movement for mid-November. That’s a good sign that buyers haven’t disappeared — even with rates still influencing affordability.
Even more encouraging: 402 homes went under contract. Contracts are a forward-looking indicator, meaning buyer demand is still alive right now, not just from decisions made weeks ago.
How This Week Compares to Last Year
Market Trends Year Over Year
We don’t have exact year-over-year numbers in this week’s dataset, so we won’t guess. But here’s what the current pattern clearly suggests:
- Inventory is healthier than the ultra-tight frenzy years.
- Buyers have more time and more choice.
- Sellers are still holding value near list price.
That points to a more stable, mature market than last year’s high-pressure environment.
The Role of Interest Rates in the Market
Rates are still shaping buyer behavior, no doubt. But buyers haven’t vanished — they’re adjusting. We continue to see strategies like:
- Seller-paid rate buydowns
- Adjustable-rate mortgages (ARMs)
- Larger down payments to offset monthly cost
Rates may slow urgency, but they don’t stop serious buyers. This week’s contract activity proves that.
What This Means for Buyers and Sellers
Advice for Buyers: Navigating the Market
- Take advantage of the inventory — you don’t need to settle.
- Use days on market as leverage when negotiating.
- If a home is priced well and move-in ready, don’t wait too long — those still go fast.
Advice for Sellers: Maximizing Your Sale
- Price based on today’s market, not yesterday’s headlines.
- Make your home stand out with staging, photos, and clean presentation.
- Expect reasonable negotiation — not a free fall, but a normal market.
Spotlight on Las Vegas Neighborhoods
Most Popular Areas for Buyers
- Summerlin – Lifestyle-heavy, family-friendly, and always in demand.
- Henderson – Strong resale value and a wide range of price points.
- Southwest Las Vegas – Growing fast with modern homes and great convenience.
Hidden Gems for Great Deals
- North Las Vegas – Better value per square foot and new development upside.
- Downtown Las Vegas – Revitalized urban living with unique inventory.
Market Predictions: What Lies Ahead
Home Prices: Stability or Growth?
This week’s numbers point to price stability in the near term, with small bumps possible in highly desirable areas and fully renovated homes.
Inventory Projections for the Coming Months
Inventory should stay steady or rise slightly going into winter. That keeps the market balanced and gives both sides opportunity — just in different ways.
Conclusion
The Las Vegas real estate market for November 13th–19th remained steady and balanced. Inventory is healthy, buyers are still active (402 under contract), sellers are holding value at 97% of list price, and luxury continues to shine with a $5.8M top sale. No frenzy, no panic — just a smart market rewarding smart moves.
Thinking about buying or selling? The best move right now is a strategic one. And if luxury is your lane, explore what’s live at www.bkgluxury.com.
FAQs
1. Is it a buyer’s or seller’s market right now?
It’s balanced. Buyers have options and negotiation room, while sellers still maintain price strength when positioned well.
2. Will home prices drop in Las Vegas?
Broad drops aren’t implied right now. Prices are steady, though overpriced or dated homes may see reductions.
3. How long do homes take to sell in Las Vegas?
About 46 days on average, which is a healthy, normal pace.
4. Should I sell my home now or wait?
Now is a great time if your home is priced correctly and presented well — sellers are still getting close to list price.
5. What are the top neighborhoods to buy a home in Las Vegas?
Summerlin, Henderson, and Southwest Las Vegas remain top picks, with North Las Vegas and Downtown offering strong value opportunities.
Luxury Market Spotlight: $5.8M Sale of the Week
The luxury market continues to be a major highlight in Las Vegas real estate.
This week’s most expensive home sold for $5,800,000 — proof that high-end buyers are still making serious moves in Vegas.
Here’s the luxury snapshot for November 13th–19th:
- 1,185 active luxury listings (over $1M)
- 57 newly listed luxury homes
- 31 luxury homes sold
- 27 luxury homes under contract
- $1,995,575 average luxury sales price
- 59 average days on market for $1M+ homes
Luxury is moving at a normal pace. These buyers shop slower, expect more, and wait for the right fit — but when the fit shows up, they still buy.
Want to explore luxury listings? Visit www.bkgluxury.com.
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
Instagram: @brendankinggroup
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Summerlin Home Search https://bit.ly/3dr5Ian
New Home Site: https://www.showingnew.com/kingvegashomes
