2025 Real Estate Market Forecast (Las Vegas)

Описание: 2025 Real Estate Market Forecast (Las Vegas)

0:00 Intro
0:32 Agenda for Video
1:12 Analyst Qualifications
2:45 Level-Set 2024
7:05 Last Year’s Forecast, Interest Rates and Prices
9:40 Disconnect Between Buyers and Sellers
11:09 The “Need to” Market of 2024
11:45 Macro Economy Issues for 2025
12:17 FED Tools and FED Mistakes
17:06 Interest Rates for 2025 (impact of policy)
22:04 Employment Levels and Regional Mobility
23:53 Local Economy Influences (public infrastructure)
29:10 Local Economy Influences (industry infrastructure: sports, movies, convention center, healthcare)
32:59 Local Economy Influences (Commercial and Resort Investment)
36:01 Local Economy Influences (Large-scale Residential Investment)
37:59 2025 FORECAST
44:39 Comparison to 2024 (me and others)
47:12 Caveats about Contract Failures and Real Estate Practice Changes
52:52 Outro

This is the 2025 Market Forecast Video for Real Estate in the Las Vegas Valley. This video has been produced by Justin Miller, principal and co-founder of the Chong Miller Group, llc. At the Chong Miller Group, we help our clients build wealth through real estate. That starts with making sure our clients are educated about what’s taking place in the local real estate market – and what the various influences are on that market, both national and regional.

Every month, to help with educating our clients, Justin produces a Market Update video for Single Family Resales, and most months a companion Market Update video for Townhomes and Condos. While this research is focused on helping our clients, we make these videos available to the broader public, as we believe a more educated consumer (and professional) is going to be more capable of engaging in real estate productively.

In this 2025 Real Estate Market Forecast video, after level-setting about 2024 (including comparison between Justin’s year-prior forecasts and the actually achieved market data), Justin launches into the issues that will be impacting real estate in 2025: The Macro Environment and The Regional/Local Environment.

Macro Level: Interest Rates, likely going higher due to upward pressure on inflation, originating from both a strong economy and policy desires of the new administration in Washington. Also significant will be national employment levels and regional mobility.

Local Level: Investments in Infrastructure, with discussion about Public Investment in Roads, Airports, Trains. Industry Infrastructure, with discussions about Sports Industry, Movie Industry, Convention Industry, and Health Care Industry. Commercial Investment, with discussions about New and Re-Developing Resort Investments. And Housing Investments, with mentions of several large-scale high-rise and community development.

After looking at these issues, Justin issues his 2025 Market Forecast: High Interest Rates will continue to depress Total Transaction Volume, which will likely end the year only marginally higher than 2023 or 2024. But, because of growth in the population and employment base in Las Vegas, and lack of inventory (including insufficient new construction inventory) prices will continue to appreciate, with prices for SFR likely ending 2025 about 7.5% higher than at the start of the year.

Justin then provides some comments and warnings with regard to negative trends in failed contracts as well as challenges associated with practice changes mandated by the 2024 National Association of Realtors settlement.

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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 owners relocating to (or around) the Las Vegas Valley.

The Chong Miller Group is an independent real estate business, with our licenses hanging at Keller Williams Marketplace One.

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