This week’s market update shows:
🏠 703 New Listings
📝 539 Under Contract
🔑 445 Sold
⏱️ 47 Days on Market
💰 Median Price: $485,000
📉 Rates: 6.3% national avg, mid-5’s locally
The Las Vegas real estate market delivered a notable shift this week, and while some numbers stayed consistent, there’s one metric that stood out: only 703 new listings hit the market, marking the lowest inventory we’ve seen in months. As we move deeper into the holiday season, this kind of drop is normal, but the response from buyers is the real story.
Despite fewer homes entering the market, buyer activity stayed strong, with 539 homes going under contract. This tells us that demand hasn’t slowed if anything, it’s holding steady. I personally experienced a busy week of showings, and the data backs up what many agents felt on the ground. Buyers who are serious are staying active, even in November.
The market also posted 445 closed sales and maintained a 47-day average for Days on Market. That’s right in line with seasonal trends and reflects a balanced pace between new listings and active buyers. Meanwhile, the median sales price for single-family homes held at $485,000, a stable and healthy number as we close out the year.
One of the biggest storylines right now is the surge of end-of-year builder incentives. Across the valley, new-construction communities are offering discounted interest rates, closing cost credits, design incentives, and quick-move-in opportunities. And yes — if you’re hoping to be in a new home before 2026, it’s still absolutely possible.
There’s also growing industry speculation that 2026 may bring an uptick in both home prices and the number of sales, depending heavily on the direction of interest rates. Another rate meeting is coming soon, and it will likely shape the early 2026 landscape. Buyers and sellers are watching closely — but here’s the key: your real estate decisions shouldn’t depend solely on headlines or predictions.
In real estate, timing isn’t about what the world says ~
it’s about what your inner voice is telling you, paired with the reality of your finances.
If you’re wondering whether your timeline makes sense, or whether the market will support your goals, I’m here to help you run the numbers, compare scenarios, and make confident decisions.
Whether you're thinking of buying, selling, or simply staying informed, the weekly Las Vegas Real Estate Market Update keeps you one step ahead and educated on what’s truly happening beyond the noise.
Follow along each week, and feel free to reach out if you have questions about your unique situation.
