Current Las Vegas Market Individual Charts
Current Las Vegas Market Report
Market Overview – Closing out 2025
The Greater Las Vegas real estate market in January slowed noticeably similar to January 2023. Meanwhile, the Over Pricing index dropped sharply due to the decline in January closings coupled with a surge in listings taken. The result is that 2026 closed units finished 9.2% behind 2025 and while closed volume was only down 2.8% from 2025.
- the Median price of SFR held at $470,000.
- the Average price an SFR closing improved from $603,757 to $618,762
The luxury market led the January closings 133 closings above $1 Million, including 17 above $3 Million.
Overall, the residential market sits at 6.0 months of residential inventory due to the drop in closings coupled with the bumper crop of listings taken. The large batch of new listings also helped drop the Over Pricing to 55%
However, some of the larger market story lies in the new chart above. Cash and conventional financing have both been trending lower since mid-2021, with only FHA financing improving greatly during the same timeframe. However, there was an uptick of cash in the January market.
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