From rising home prices to mortgage rate swings, the 2025 housing market has left a lot of people asking: Should I move now — or wait it out?
Here’s the good news: top housing experts are finally starting to align on their forecasts for the rest of the year. And while we won’t see a dramatic shift, the trends are pointing to a more balanced, more approachable market — for both buyers and sellers.
Let’s break it down, and more importantly, let’s talk about what it means right here in Las Vegas.
Mortgage Rates Are Projected to Dip Slightly
While we’re not expecting a massive drop, leading economists predict we’ll see a modest decline in mortgage rates heading into late summer and fall.
This is especially important here in Las Vegas, where many buyers are payment-focused. Even a 0.5% drop in rates can open the door to a wider range of homes — especially in new construction communities like Summerlin West, Skye Canyon, and Inspirada.
Watch This Date:
The next Federal Reserve meeting is June 17–18. While they held rates steady in May, economists believe this summer’s data could influence whether we see a rate cut by Q4 — something buyers are watching closely.
What it means for you:
Buyers: Don’t wait for rates to drop further — when they do, competition tends to surge.
Sellers: Slightly lower rates will bring more buyers into the market — especially for homes in move-in-ready condition.
Inventory Is Growing — But Still Tight in Key Segments
We’re seeing more homes hit the market nationally — and that’s true in Las Vegas, too. After sitting on the sidelines, many homeowners are deciding it’s time to move forward, even if rates aren’t perfect.
That said, inventory is not evenly distributed.
We’re still short on:
Single-story homes, especially in active adult and 55+ communities
Move-in-ready listings in guard-gated neighborhoods
New construction under $500K in desirable school zones
In areas like Spanish Trail, The Ridges, and Trilogy Sunstone, demand is holding steady because there simply aren’t many options like them.
What it means for you:
Buyers: You’ll see more options this summer — but competition will remain strong in well-staged, thoughtfully priced homes.
Sellers: More inventory means more competition. Strategic pricing and presentation are key if you want to attract qualified buyers quickly.
Home Price Growth Is Moderating — But Vegas Is Still Gaining
According to the average of 7 expert forecasts, home prices are expected to rise about 2% nationally in 2025. In Las Vegas, we’re tracking slightly above that, especially in new construction and luxury resale markets.
Here’s why:
Las Vegas is still one of the fastest-growing cities in the U.S.
Out-of-state buyers — especially from California, Chicago, and New York — continue to drive demand
Builder confidence is returning, with strong sales at communities like Ascension, Ravencrest, and Lake Las Vegas
What it means for you:
Buyers: You’re not buying at the top, but you’re still getting into a market that’s appreciating. That’s long-term value.
Sellers: You can still expect a strong sale — but buyers are more discerning. Homes need to show well and be priced with intention.
Bottom Line:
The Vegas market is shifting — but not slowing down. What we’re seeing is a rebalancing:
Slight rate relief
A more confident buyer pool
Inventory that’s opening up just enough to create opportunity
Whether you’re thinking about buying your first home, downsizing, or listing a luxury property, this summer may offer one of the best windows we’ve seen in years.
Let’s talk strategy — and make this market work for you.