July 2025 Las Vegas Real Estate Market Recap
My take on what buyers, sellers, and agents need to know right now.
Every month I break down the numbers and trends in the Las Vegas housing market so you can make informed decisions. Whether you're buying, selling, investing, or working in real estate — here’s what June 2025 data tells us about where the market is headed in July 2025.
Inventory Is Rising, But the Market Is Stable
In June, Las Vegas saw 1,946 single-family home sales, down 7% from last year. Despite slower sales, median home prices rose to $485,000 — showing that values are holding steady.
Inventory has increased over 70% year-over-year, reaching 3.6 months of supply. That’s a big change from the days of 2 months or less. But don’t panic — this is a sign of market balance, not collapse.
What’s Up with Home Prices?
The average home price jumped to $636,000, mostly because of a few multi-million dollar sales. But as I always tell clients: the median price is a better indicator of the real market.
Luxury is still booming, and that’s a sign of confidence from high-net-worth buyers.
Sellers: Pricing Matters More Than Ever
We saw 9% fewer new listings in June, but homes are staying on the market longer. Only 61.4% sold within 30 days, down from 71.6% last year.
If you’re a seller, don’t expect multiple offers in 48 hours. The strategy now is simple: price it right, stage it well, and be prepared to negotiate.
Condos and Townhomes: Buyer’s Market Alert
In the condo and townhome space, sales dipped 8%, and prices softened to a $305,000 median. Inventory hit 5 months of supply, which clearly marks a buyer-friendly market. Investors: take note — there could be good deals here, especially with stable rents.
My Advice: Stay Smart, Not Scared
The Las Vegas market is not crashing — it's simply shifting. Buyers, you have more room to negotiate. Sellers, don’t overprice. Agents, this is the time to lead with real insights.
Want to Build Your Real Estate Career?
I mentor agents like you through Magenta, where we grow, win, and serve together.
If you're ready to level up your skills and join a community that supports your success...
📥 Want the full July 2025 Market Report?
Download the complete PDF version of this report here