Las Vegas Real Estate Market Update Week Ending September 7, 2025

📊 Las Vegas Real Estate Market Update – Week Ending September 7, 2025

Okay… might just be me, but this market is giving major whiplash.

The median sales price dropped again, this time down to $460,000, from $482K just last week. That’s a pretty sharp dip, especially coming off a recent price rebound.

Still, sellers haven’t backed off, in fact, 1,051 new listings hit the market this week. That’s a strong number as we wind down the summer season.

Closings, on the other hand? Way down, only 365 homes sold, which is likely the lowest we’ve seen all year. While it's not unusual for closings to dip in the first week of the month, that number definitely caught my eye.

So what’s fueling buyer interest right now?

📉 Interest rates dropped again, down to 6.25% the lowest we’ve seen in quite a while. I haven’t confirmed it yet, but I’d bet loan applications just spiked.
📈 As a result, homes going under contract ticked up to 555, a small but notable increase.

What we’re seeing is a market full of mixed signals; rising inventory, falling prices, more favorable rates and that means having the right strategy is everything.

🍂 So before you go full pumpkin spice and start cozying up for fall, slow your roll... the market is moving fast enough!

📩 Want to know what today’s market means for your real estate goals? Message me. Let’s create a strategy that actually works for you.