LAS VEGAS HOUSING UPDATE OCTOBER 2025

According to Las Vegas Realtors (LVR), the median price of previously owned single-family homes dipped to $470,000 in September 2025—a $10,000 drop from the prior month—marking a subtle but meaningful correction buyers have been anticipating. Sales volume rose slightly, with 1,884 homes sold, up 2.7% from August, while new listings declined, tightening inventory to 7,502 active listings. The market is shifting toward a buyer-friendly environment, with elevated interest rates keeping many on the sidelines and builders offering aggressive incentives on move-in-ready homes to meet year-end goals. These include rate buy-downs, upgraded features, and closing cost coverage, making Q4 one of the most advantageous times to purchase in recent years. Meanwhile, investor activity remains strong, with cash buyers and long-term holders helping stabilize values despite rising inventory and longer days on market.

Looking ahead to 2026, experts forecast moderate price appreciation between 15–25%, driven by population growth, infrastructure expansion, and sustained demand. New construction in emerging neighborhoods may ease inventory pressure, while the rental market is expected to remain robust due to continued inward migration and investor interest. Despite national headwinds, Las Vegas’s resilient economy, favorable climate, and tax advantages position it as a competitive and opportunity-rich market for both residential buyers and real estate investors.