September 2025 News Letter

Homes available increased by 5% compared to July. At the same time, homes sold in August decreased by 9%.

This isn’t alarming, but it is an interesting trend. When supply rises and demand falls, basic economics says prices eventually face downward pressure. It’s not immediate, but inventory and the pace of sales point to a shift that can’t be ignored.

Values in Las Vegas have been holding steady. The question is how long this gap between inventory and sales can last before prices react.

Las Vegas Market Snap Shot

TOTAL PROPERTIES AVAILABLE Single-family: 7,267 Condo/ Townhomes: 2,589 High Rise Units: 607 Multi-Family, 2-4 Units:  100 Manufactured Homes: 108 TOTAL PROPERTIES IN ESCROW Single-family: 2,021 Condo/ Townhomes: 566 High Rise Units:  55 Multi-Family: 2-4 Units:  22 Manufactured Homes: 36 PROPERTIES SOLD IN AUGUST Single-family: 1,749 Condo/ Townhomes: 464 High Rise Units:  45 Multi-Family, 2-4 Units:  21 Manufactured Homes: 23 MEDIAN SALES PRICE FOR AUGUST Single-family: $485,000 Condo/ Townhomes: $300,000 High Rise Units: $457,000 Multi-Family, 2-4 Units:  $600,000 Manufactured Homes: $239,000 MEDIAN SOLD DOLLAR PER SQFT FOR AUGUST Single-family: $259 per sqft Condo/  Townhomes: $240 per sqft High Rise Units:  $436 per sqft Multi-Family, 2-4 Units:  $195 per sqft Manufactured Homes: $191 per sqft SEARCH FOR Short Sales Foreclosures Homes by Zip Code Homes by School Zone Homes by Community Single Story Homes High Rise Tower Name Condo/ Townhomes Luxury Homes $1M+ Multi Family Homes