If you’ve been following the headlines lately, you may have seen this one: “Homes Sitting on Market Longer Than Average in Las Vegas Valley.”
At first glance, that sounds a little ominous. But let’s dig deeper, because—like most things in real estate—it’s all about context.
According to a new study by Clever Real Estate, the average time on market for homes in Las Vegas has crept up to 44 days, compared to the national average of 37. That puts us in a tie for the 13th-longest time on market among major U.S. cities.
So what’s going on here—and what does it actually mean for you?
A Slower Market Doesn’t Equal a Cold Market
Homes may be taking longer to sell, but they are still selling. In fact, sales in Las Vegas are up 4.9% year over year. That stat alone tells us something important: demand is still very real.
What we’re seeing is a more measured pace—fewer bidding wars, more thoughtful negotiations, and yes, a bit more patience required for sellers. But guess what? That’s not a bad thing.
A Supply Story in Disguise
The bigger story behind this headline is inventory. Las Vegas has been underbuilding for over 15 years. According to UNLV, we’re issuing 64% fewer residential permits than we did before the Great Recession. Factor in federal land ownership (which limits where we can build), and you’ve got a market where demand consistently outpaces supply.
So while homes may sit a little longer, there still aren’t enough of them to go around.
So What Should You Do with This Info?
- If you’re a buyer: This is your window. You have a bit more time, a bit more leverage, and a lot more negotiating power than you would have had a year ago.
- If you’re a seller: Pricing strategy is everything. Presentation matters. The right staging, marketing, and positioning can be the difference between a listing that sits and one that moves.
- If you’re just watching the market: Don’t let headlines rattle you. The Las Vegas market is still strong—just a little less frenzied.
- if you want to read the full article – find it here https://www.
reviewjournal.com/business/ housing/homes-sitting-on- market-longer-than-average-in- las-vegas-valley-study-says- 3362016/
Want to Talk Strategy?
Whether you’re curious about timing, pricing, or how to read between the lines of reports like these—I’m here. Book a consult or shoot me a DM. I love this stuff (seriously), and I’m always happy to share what I’m seeing on the ground.