Las Vegas Real Estate: Market Update (October 2025)

Описание: 0:00 Intro
1:38 Brief Recap of Environmental Conditions
9:40 Market Update (Sales Prices)
20:08 Market Update (Demand Numbers)
25:52 Market Update (Foreclosures)
27:13 Market Update (Supply Numbers)
32:38 Market Update (Failed Contracts)
34:56 Outro

Las Vegas Real Estate Market Update for October 2025

Welcome to your go-to source for the latest insights and updates on Real Estate!

In this Update Video, after a brief re-cap of environmental issues impacting real estate, I move into the normal measures for each sub-market

Market Highlights:
1. Prices - Down:
o The median price for single-family resale home decreased to $459,000, which is the same price as noted at the start of 2025.
o Median price for a resale condo fell to $226,000 (down 9.6% YoY).
o Median price for a resale townhome held steady at $335,000. (down 2.0% YoY).

2. Demand: Sales Volume – Up Across the Board:
o SFR resales were Up 2.9% MoM to 1,679. That’s 47 more houses sold than August.
o Condo resales were Up 4.2% (9 more units) to 224 Month-over-Month.
o Townhome resales were Up 5.0% (9 more units) MoM to 190.
o Sales increased across the submarkets, and for SFR showed only the third year-over-year increase of 2025. So overall market remains very weak.

3. Supply – Continued Weakness:
o SFR for sale listings were Down (2.5% or 94 units).
o Condo listings Decreased, by 82 units or 5.1% MoM. Townhome listings were also Down, by 63, or 5.4% MoM.
o Annual Inventory Growth has been decreasing sequentially over the past six months.
o Newly Listed inventory (slightly down), with only Townhomes bucking the trend, indicates supply will likely show negative growth next month as well.

Key Takeaways:
• Fear and Uncertainty are driving the current market.
• Some buyer activity picked-up but remains depressed.
• Inventory is tight and getting tighter, so decreases in interest rates could lead to higher prices showing up quickly.

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For further inquiries or personalized real estate advice, feel free to reach out. I’m here to help you navigate the complexities of the Las Vegas housing market and achieve your real estate goals.
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Justin is a Navy veteran, and at the Chong Miller Group, about one-third of our clients are active-duty military or veterans, allowing us to develop significant insights into the specialized housing and financing needs of military members and their dependents. We also deploy this knowledge more broadly, to help investors and primary property buyers and sellers relocating to (or around) the Las Vegas Valley.

This video is a production of the Chong Miller Group, a Las Vegas real estate team, and features team principal Justin Miller. The data used in this video are from a variety of business and real estate sources. The Chong Miller Group is an independent real estate business, with our licenses hanging at Keller Williams Marketplace.

Justin Miller, Las Vegas Real Estate Broker/Salesperson, License No. BS.0145509 | Ph.D. NYU/Stern School of Business

Helping people build wealth through real estate.

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