If the real estate market were a person, December would be that moment where things slow down just enough for everyone to catch their breath. And honestly? That’s not a bad thing. December 2025 gave us some interesting shifts — nothing dramatic, nothing scary, but definitely some signals worth paying attention to if you’re thinking about buying or selling. So let’s break it down in a way that actually makes sense (no jargon, no doom-and-gloom, promise).
The Big Picture
| Metric | November 2025 | December 2025 | Month-over-Month Change |
|---|---|---|---|
| Median Home Price | $488,995 | $470,000 | −3.9% |
| Available Homes | 7,033 | 6,396 | −9.1% |
| Homes Sold | 1,918 | 2,261 | +17.9% |
| Median Days on Market | 64 days | 72 days | +8 days (+12.5%) |
| Source: Las Vegas REALTORS® & FRED |
Compared to November, the market cooled a bit and that’s very on-brand for December. Prices dipped, homes took a little longer to sell, and at the same time, more deals actually closed. Translation? People are still buying and selling, they’re just being more thoughtful about it.
In other words: activity didn’t disappear. It just slowed to a more realistic pace.
Home Prices Took a Small Breather
In November, the median price for single-family homes sat at $488,995 (an all-time high). By December, that number adjusted to $470,000, which is a 3.9% month-over-month decrease.
Before anyone panics, this doesn’t mean values are crashing. What it does mean is that buyers pushed back a bit on peak pricing, and sellers had to meet the market where it actually is. This kind of seasonal dip is very common, especially at the end of the year. For buyers, this creates opportunity. For sellers, it means pricing strategy matters more than vibes.
Inventory Tightened… But Not in a Bad Way
Available single-family homes with no offers dropped from 7,033 in November to 6,396 in December, a 9.1% decrease.
At first glance, that sounds like inventory is shrinking fast but context matters. Some of this is seasonal (fewer new listings in December), and some of it is buyers finally putting an offer on the right homes. So while options narrowed slightly, the slower pace of the market still gives buyers room to breathe.
Closings Jumped (Yes, Really)
Here’s a stat that surprises people: Homes sold jumped from 1,918 in November to 2,261 in December, a 17.9% increase.
This tells us buyers didn’t disappear for the holidays. Many of these closings were deals that had been negotiated thoughtfully in prior months and made it to the finish line in December. Bottom line? Serious buyers are still very much in the game.
Homes Took Longer to Sell And That Matters
Median days on market increased from 64 days to 72 days, which is about a 12.5% jump.
This is a big clue about buyer behavior. Buyers are active, but they’re not rushing. They’re touring more thoughtfully, negotiating more confidently, and passing on homes that feel overpriced or underprepared. That extra time on market can be a huge advantage (or a challenge) depending on how you’re positioned.
The Bottom Line
December didn’t bring chaos, it brought clarity. The market is active, but balanced. Buyers have more leverage than they did at peak pricing, and sellers who price smart and prepare well are still getting results.
If you’re wondering how these numbers apply specifically to your situation, that’s where a real conversation makes all the difference. Stats are helpful, but strategy is personal.
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.
