Las Vegas Weekly Market Update

For the week ending December 1, 2025

Here’s a straightforward look at what happened in Las Vegas real estate over the last seven days. This gives you a quick read on how the market is moving right now without relying on headlines.

Market at a Glance

(Prior week in parentheses)

New Listings: 531 (714) — down 25.6%
Back on Market: 103 (173) — down 40.5%
Under Contract: 472 (663) — down 28.8%
• Show: 183 (294)
• No-Show: 289 (369)

Sold (SFR): 489 (551) — down 11.3%
Contingent on Sale: 10 (13) — down 23.1%
30-Year Mortgage Rate: 6.31% (6.32%) — steady
Median Price (SFR): $488,990 ($487,745) — up $1,245 (+0.3%)

What Stands Out This Week

A slower week by design.
Part of the pullback is normal for this time of year. But Thanksgiving week also created a shorter work week, which means fewer days for showings, closings, inspections, and lender activity. The drop isn’t only seasonal — it’s also calendar-driven.

Contracts and new listings eased.
The market took a noticeable step back in activity, which lines up with holiday patterns and reduced business days.

Fewer fall-throughs.
Back-on-market numbers falling almost 40% is a positive shift. It points to steadier deals and fewer surprises.

Prices remain stable.
Even with lighter activity, the median price continues to hold in the same range we’ve seen for months. That stability says a lot about overall confidence in the market.

Rates held steady.
A flat rate week doesn’t change monthly payments much, but consistency helps buyers planning ahead.

A Quick High-Level Read

Inventory and demand both slowed, but pricing didn’t.
That combination usually signals a balanced and steady market rather than one under stress. Even with fewer contract days this week, the numbers continue to show stability instead of volatility.

If You’re Watching the Market Closely

When you follow weekly data, you start to see how timing, seasonality, and rate movement shape the bigger picture. That’s what helps you make informed decisions — whether you’re thinking about buying, selling, or simply tracking conditions.

If you ever want help understanding how this week’s numbers relate to your plans, I’m always here to talk through it.