The Las Vegas housing market is heating up—but not just in the summer sun! Before we dive in, here’s an important heads-up: We’ve adjusted how we report two key metrics this month.
Available Homes now EXCLUDES any property already under offer (so you’re seeing what’s really available).
Homes Sold now ONLY counts fully closed sales, not homes under contract.
So, if you notice some numbers shifting more than usual compared to May—don’t panic. It’s all part of giving you a clearer, more accurate view of our local market. Now, let’s see what June brought us!
June 2025 Market at a Glance
| Metric | June 2025 | May 2025 | Change |
|---|---|---|---|
| Median Home Price | $485,000 | $480,000 | +1.0% |
| Available Homes (No Offers) | 6,992 listings | 6,213 listings | +12.6% |
| Homes Sold (Closed) | 1,946 homes | 2,174 homes | −10.5% |
| Average Days on Market | 40 days | 37 days | +3 days (+8.1%) |
What’s driving the shift? Prices are nudging upward while inventory is building fast, giving buyers more choices—but also signaling that sellers may need to adjust strategies.
Market Highlights
Prices Pulse
Single-family homes hit a new $485K median, up 1% from May and 2.1% year-over-year, tying a seasonal record. Prices are holding strong, but gains are modest compared to last year’s hot streak.
Inventory Builds
“Truly available” listings surged 12.6% month-over-month—and they’re up nearly 70% from June 2024! Buyers now have more room to shop, negotiate, and find the right fit.
Sales Slow
Closed sales dropped 10.5% compared to May (and 7% YoY), signaling buyer demand is easing just a bit.
Selling Time Slightly Longer
Homes took an average of 40 days to sell, which is just 3 days longer than May—but 44% slower than last year. Patience is key for sellers in this shifting market.
Buyer & Seller Outlook
For Buyers
This is your moment! With more homes truly available (no hidden offers!), you’ll find better selection, more leverage, and greater negotiating power—especially on homes sitting longer on the market.
For Sellers
Yes, prices remain solid, but buyer urgency is cooling. Rising delistings show some sellers would rather wait than drop prices. To stand out, smart pricing, great presentation, and flexible terms are musts right now.
Key Trends to Watch
Keep an eye on delistings and price reductions. Nationally, delistings jumped ~47% in May, and price cuts hit record levels—foreshadowing local pressure on sellers to adjust.
In terms of location, Las Vegas is among the fastest-growing markets for inventory in the West, up about 38% YoY—which could keep the market leaning toward balanced or even slightly buyer-friendly in the coming months.
Ready to Make a Move?
Whether you’re looking to snag your dream home or sell for top dollar, June’s data points to new opportunities.
More homes = more options for buyers.
Prices are steady = stability for sellers.
Buyer power is rising = negotiation wins.
Slightly longer timelines = plan ahead for your summer move.
Whether you’re thinking about buying, selling, or just staying on top of the trends, I’m here to help you make sense of it all. Text or call anytime—I’m always happy to chat real estate!
Anytime between “now” and “right now” is a good time to take action on shaping your best life, and that includes where you live. Let’s get the ball rolling on your next steps.
(702) 374-6807. Or drop me a line here.
