Happpppy New Year!!
I’ll start by saying that the market feels different than it did a year ago, not bad, not good either, but just different.
Last December, the median price was $480,000, and inventory with about 5,000 homes on the market. Fast forward to December 2025, prices dropped a little to $475,000, but inventory climbed about 6,000 homes. Despite all of the negative headlines, numbers don’t lie! Homes prices have been steady all year.
What I’m seeing day to day is buyers taking their time. They’re walking away from homes that feel overpriced or neglected, and they’re being picky, especially with condition. Sellers are realizing that just putting a home on the market isn’t enough anymore.
Homes that are clean and updated are still selling. Homes that need work or feel dated? Those are sitting. In this market, clean and upgraded equals “a good deal” in a buyer’s mind, even if the price is higher. The opposite is also true being a home that needs work feels expensive, even at a lower price.
People are talking more, negotiating more, and thinking things through. There’s less panic and more strategy on both sides. Buyers want value.
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Las Vegas Market Snap Shot
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