The Las Vegas residential market posted a steady read this week. New listings increased, accepted offers edged higher, and prices held in a narrow range. Mortgage rates were essentially flat. If you’re buying or selling in Las Vegas, Summerlin, or Henderson, here’s what to know.

Quick Stats (prior week in parentheses)

• New listings: 1,093 (959) — up 14.0%

• Under contract (Show + No Show): 823 (802) — up 2.6%

• Back on market: 156 (167) — down 6.6%

• Sold (single-family): 279 (440) — down 36.6%*

• 30-year average mortgage rate: 6.16% (6.16%) — flat

• Month-to-date median SFR price: $466,510 ($469,995) — down 0.7%

*Sold is a lagging indicator of contract activity from prior weeks.

What Changed This Week

• More homes hit the market. A 14% rise in new listings gave buyers fresh options across the Valley.

• Buyers are still writing offers. Under-contract counts inched higher, signaling steady demand.

• Fewer fall-throughs. Back-on-market declined, which points to cleaner financing and inspection files.

• Closings slowed. Sold volume fell after last week’s jump; this is a timing effect.

• Prices steady. The median is still in the $465k–$485k band seen in recent months.

Why It Matters (two big ideas)

1. Leading vs. lagging: “Under contract” is the early signal of demand; “sold” closes weeks later. Seeing pendings up while BOM is down suggests healthier pipelines ahead.

2. Absorption check: 823 pendings against 1,093 new listings implies solid absorption. When that ratio is high, well-priced homes in Summerlin, Henderson, and the Southwest move without needing big price cuts.

Buyer Takeaways

• Get fully underwritten. Clean approvals and clear repair limits help win when sellers compare offers.

• Use the new supply. With more listings, compare neighborhoods (Summerlin West, Inspirada/Anthem, Southwest) for the best fit and value.

• Lock with clarity. Rates near 6.16% keep payments predictable; confirm your target payment before touring.

Seller Takeaways

• Price with precision. Buyers remain payment-sensitive; anchoring to the last 30-day comps shortens days on market.

• Prep the file early. Provide upgrade lists, HOA details, and recent utility info. Tidy packages reduce fall-through risk.

• Focus on condition. Light paint, fixtures, and landscaping still deliver strong ROI in this range.

Indicators To Watch Next Week

• Contract-to-close ratio: Confirms whether this week’s pending lift becomes late-February closings.

• Three-week listing trend: Another 1,000+ listing week would keep selection healthy for buyers.

• Mortgage-rate drift: Small moves around 6.1%–6.3% can change affordability enough to spark action.

Ready for a plan?

If you want a short list of homes that match your budget and payment target—or a quick comps check for your property—reach out and we’ll send a simple, data-driven plan.

Zahler Properties
775-351-4699
www.searchvegasareahouses.com