Las Vegas-Henderson-North Las Vegas, NV·Cooling
Demand Softens as Las Vegas Inventory Builds
Median Price
$469K
-0.9% YoY
Inventory
10,788
+6.9% YoY
Days on Market
58
Pending Ratio
0.25
+0.2% YoY
Median Price · 12-month trend
Analyst commentary
Las Vegas remains firmly in buyer's market territory, last month only 30% of listings found a buyer, well below the balanced-market threshold. Median listing prices fell 2.1% year over year to $474,900, while active inventory climbed 6.7%, giving buyers more choices. Homes are also taking longer to sell, with median days on market increasing nearly 11% from a year ago, signaling a market that continues to cool from its pandemic-era frenzy.
Read Full Market Report →