Las Vegas Real Estate Market Reports & Trends
Latest real estate trends and statistics for the Las Vegas market
What Are the Current Las Vegas Real Estate Market Trends?
Las Vegas real estate market trends show strong price appreciation at 8.5% year-over-year, fast-moving market with 19 days on market, low inventory levels at 1.2 months supply creating a seller's market, and stable sales volume with consistent transaction activity that indicates continued market strength. Community-specific data shows Summerlin homes averaging $850K with strong appreciation, Skye Canyon new construction appreciating from $380K (2020) to $525K (2025), and Centennial Hills showing 7-9% annual appreciation rates.
Price Appreciation
Strong price growth continues
Days on Market
Fast-moving market
Inventory Levels
Low inventory, seller's market
Sales Volume
Consistent transaction activity
What Does Quarterly Las Vegas Market Data Show?
Quarterly Las Vegas market data shows consistent price growth from $545K in Q2 2024 to $575K in Q4 2024, decreasing days on market from 25 to 19 days, stable inventory levels around 400-450 homes, and months supply remaining low at 1.2-1.4 months indicating strong seller market conditions.
| Period | Median Price | YoY Change | Days on Market | Inventory | Months Supply |
|---|---|---|---|---|---|
| Q4 2024 | $575K | +8.5% | 19 days | 450 homes | 1.2 months |
| Q3 2024 | $560K | +6.2% | 22 days | 420 homes | 1.3 months |
| Q2 2024 | $545K | +4.8% | 25 days | 400 homes | 1.4 months |
What Is the Las Vegas Real Estate Market Outlook?
The Las Vegas real estate market outlook shows strong fundamentals with steady price appreciation, low inventory levels favoring sellers, competitive conditions for buyers, and continued growth potential driven by job growth, population expansion, and economic resilience.
Market Outlook Analysis
The Las Vegas real estate market continues to show strong fundamentals with steady price appreciation and low inventory levels. The market remains favorable for sellers, with homes selling quickly and often above asking price.
Buyers face competitive conditions but benefit from historically low interest rates and a diverse selection of properties across price ranges. The market shows resilience and continued growth potential.
Key Market Factors
- Strong job growth and economic expansion drive housing demand and support price appreciation
- Limited new construction keeping inventory low creates competitive conditions for buyers
- Continued population growth and demand maintain strong market fundamentals
- Seasonal patterns affecting market activity create opportunities for strategic buyers and sellers
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