This week’s Las Vegas housing data shows a clear theme: inventory tightened while buyer activity picked up. New listings dropped sharply, yet more homes went under contract. Mortgage rates also dipped under 6%, which is a meaningful psychological threshold for many buyers. The month-to-date median price for single-family homes rose as well, though early-month medians can be influenced by the mix of homes closing.
Quick Stats (prior week in parentheses)
- New listings: 773 (982)
- Under contract (show + no show): 826 (729)
- Back on market: 165 (163)
- Sold single-family homes: 359 (329)
- 30-year average mortgage rate: 5.99% (6.04%)
- Month-to-date median SFR price: $481,995 ($470,000)
What changed this week
- Inventory tightened
- New listings fell about 21% week over week. That usually means fewer choices for buyers, especially in the most popular price points.
- Buyer activity improved
- Homes going under contract increased about 13% even with fewer new listings. That’s a positive absorption signal: homes are being claimed faster than new supply is coming online.
- Rates moved below 6%
- The average 30-year rate dipped to 5.99%. It’s not a huge payment change week to week, but it can pull buyers off the sidelines and increase confidence.
- Prices moved higher (month-to-date)
- The median single-family price for the month is higher so far. Early in the month, the median can swing depending on what price ranges closed that week. The next 1–2 weekly updates will help confirm if this is a trend or just normal mix.
Two high-level concepts worth knowing
- Absorption rate, simplified
When under-contract activity rises while new listings fall, absorption improves. That often means well-priced homes in Las Vegas, Summerlin, and Henderson can sell faster, even if the market overall feels balanced. - The “rate threshold” effect
Many buyers react to major rate levels (like 6%). When rates cross below a round number, buyer urgency can increase, even if the change is small on paper.
What this means for buyers in Las Vegas
- Be ready to move on the right home. Less inventory can mean fewer “perfect” options.
- Get fully underwritten if possible. Clean financing helps win.
- Watch “back on market” homes. Sometimes it’s a simple issue that can be solved with the right approach.
What this means for sellers in Las Vegas
- Presentation and pricing still matter, but fewer new listings can reduce competition.
- If your home is move-in ready and priced correctly, this environment can work in your favor.
- Reduce fall-through risk by preparing your documents (HOA details, upgrades, receipts) and being proactive on repairs.
Areas we serve
Zahler Properties works across the Las Vegas Valley, including Summerlin, Summerlin West, Henderson, Inspirada, Anthem, Southwest Las Vegas, Skye Canyon, and North Las Vegas. If you’re searching for a Las Vegas real estate agent, a Summerlin listing agent, or help buying a home in Henderson, we’re here to help.
Want a plan tailored to you?
If you’d like a short list of homes that match your budget, or a quick pricing check for your property, reach out to Zahler Properties. You can also browse current listings here: www.searchvegasareahouses.com