For the past few years, homebuyers in Las Vegas—and across the country—have felt like they were chasing a moving target. Prices surged. Inventory disappeared. Rates skyrocketed. And for many, it was enough to push pause on their real estate plans altogether.
But the tide is finally turning.
According to new reports from ResiClub and Forbes, national housing inventory is up 25% year-over-year, and here in Las Vegas, we’re leading the charge with the highest year-over-year increase in active listings in the country. Yes, you read that right—Las Vegas is now the hottest inventory market in the U.S.
So, what does that actually mean?
Let’s Start with the Big Picture:
Across the U.S., housing markets are shifting. While we’re still technically below pre-pandemic 2019 inventory levels overall, the growth in active listings over the past year tells a much more nuanced story.
Markets like Austin, Tampa, and Vegas—those that saw explosive price appreciation during the pandemic—are now experiencing a cooling effect, thanks in part to:
Rising mortgage rates (averaging 6.8% as of July 29),
New construction supply, and
Sellers slowly adjusting their expectations in light of affordability challenges.
This doesn’t necessarily mean a crash is coming—but it does mean that power has shifted. Buyers have options again. And for sellers, strategy matters more than ever.
Vegas Is No Longer the Unicorn Market
Here’s the Vegas-specific tea:
We’re up 77.6% year-over-year in active listings—that’s the largest increase in the nation. And while that’s giving buyers more leverage, prices haven’t plummeted. In fact, our median home price still hovers at $485,000, a level that’s remained fairly stable since earlier this year.
What we’re seeing is a market that’s trying to find its balance. Some sellers are cutting prices. Some are pulling their homes off the market. And builders? Many are offering aggressive incentives to lure buyers back to the table.
Is the Housing Market About to Rebound?
According to Forbes, there are early signs of a possible turnaround:
Consumer confidence is ticking up.
Housing affordability index has crossed back over 100 for the first time in nearly two years.
And the Fed is expected to begin cutting interest rates in 2026, which could provide further momentum.
Translation? The worst may be behind us
My Take: Strategy Beats Timing
If you’re waiting for the “perfect” time to buy or sell, you might miss your moment. Whether it’s a resale home with room to negotiate or a new construction quick move-in with $50K in incentives, opportunity in this market looks different than it did three years ago—but it’s still out there.
The key is knowing how to read between the headlines, understand the psychology of the current market, and have a trusted expert in your corner.
Thinking About Making a Move?
Let’s talk strategy—whether you’re ready to buy, thinking about selling, or just curious how the numbers stack up in your neighborhood.
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In the meantime, if you're wondering how these changes affect your plans—whether you’re buying, selling, or just trying to time the market—I'm here to talk strategy. Let’s have a conversation that actually makes sense for you.