Las Vegas home prices climbed to a new high in November 2025 even as sales volumes weakened and inventory continued to build, according to the latest report from Las Vegas Realtors.
Southern Nevada's housing market lost some of its heat in October 2025 as both home prices and sales declined while inventory continued to rise, according to the latest data from Las Vegas Realtors (LVR).
Existing-home sales rose 1.5% month-over-month in September 2025, reaching a seasonally adjusted annual rate of 4.06 million, according to the National Association of Realtors (NAR). On a year-over-year basis, sales increased 4.1%, reflecting sustained demand across much of the country.
Foreclosure activity in the U.S. continued its upward climb in the third quarter of 2025, suggesting that pockets of borrower distress may be emerging.