Continued signs of slowdown in the Las Vegas housing market.
The Las Vegas housing market continued to show signs of a seasonal slowdown heading into fall. According to Las Vegas REALTORS®, the median home price in September was $470,000, a slight dip of 2.1% from last year and just below the record highs seen earlier this year2025-09-GLVAR-Article. While sales activity ticked up 5.2% month-over-month, the number of available homes without offers climbed sharply—up 37.4% year-over-year—giving buyers more choices and shifting the market toward a healthier balance.
Homes are still selling, but not as quickly as before. Roughly half of all homes sold within 30 days, compared to over 60% last year, as more inventory and stabilized prices offer breathing room for buyers. For sellers, pricing strategy and presentation are more important than ever. With more competition on the market, homes that are move-in ready and well-marketed continue to attract strong interest and top-dollar offers.
From my perspective, this is a window of opportunity for both sides—buyers benefit from increased selection and negotiating power, while sellers who list now can still capture motivated fall buyers before the slower holiday season sets in.
