Las Vegas Home Sales Increase by 17% in December 2025 Amid Rising Inventory

Las Vegas Home Sales Surge with 2,454 Transactions in December 2025

In December 2025, Las Vegas experienced a significant uptick in single-family home sales, reaching 2,454 units—a 17% increase from November and a 2% rise compared to the previous year. This growth marks an important shift as the city's housing market shows signs of stabilization amid a turbulent economic backdrop. The average sales price slightly dropped by 2% to $546,349, yet remained 1% higher year-over-year. This change reflects a gradual return of buyers' confidence, allowing more opportunities and choices for those entering the market. Notably, the number of homes available for sale rose to 10,277, marking a substantial 33% increase over the previous month, which could help alleviate previous inventory shortages and curb rapid price inflation.

Las Vegas Inventory Soars 33% as Pending Sales Reach 2,176

As of December, Las Vegas had 10,277 homes available on the market, a notable 33% increase from the prior month. This rise in inventory coincides with 2,176 pending sales, indicating robust transactional activity as potential buyers seek to capitalize on the increased availability. According to Grand Pinnacle Tribune, the increase in inventory is partly due to a normalization of the market, where investor activity has decreased by 20%. This shift is providing a window of opportunity for families and first-time buyers to enter the market with less competition and more choices.

Economic Challenges Impact Las Vegas Housing Market

The economic landscape in Las Vegas has been shifting, influencing the housing market. The city saw a decline in tourism, with visits dropping 7.4% in November 2025, contributing to job losses in the hospitality sector. According to a report by Grand Pinnacle Tribune, 4,700 jobs were lost between September and November. This economic downturn has prompted a marked decrease in investor activity, as evidenced by a 20% reduction in home purchases by investors. The housing market is moving toward a more balanced state, where both buyers and sellers can navigate the landscape with informed decisions and less volatility.

Stable Growth Expected for Las Vegas Housing in 2026

Looking ahead, the Las Vegas housing market is expected to enter a phase of modest, stable growth. A blog post on Michael's Team Blog discusses projections for 2026, indicating that the market should see a more balanced environment with slight price increases. Nationally, home prices are expected to rise by about 0.4% from mid-2025 to mid-2026, according to Zillow's predictions. This stability is anticipated to encourage more buyers to explore opportunities within the Las Vegas market, driven by increased inventory and improved market conditions.

Impact on Buyers and Sellers in Las Vegas

The recent developments in the Las Vegas housing market are poised to benefit both buyers and sellers. For buyers, the increased inventory and reduced investor activity mean more choices and potentially less competitive bidding situations. This environment could also lead to more favorable financing options and mortgage rates as lenders adjust to the new market dynamics. Sellers, on the other hand, may need to temper their expectations for rapidly increasing home prices, but they can still capitalize on a steady market with motivated buyers. RealEstateAbroad.com analysis suggests that the market's stabilization will foster healthier transactional activities in 2026.

Future Implications for Las Vegas Real Estate

As Las Vegas transitions into 2026, the real estate market is set to continue evolving in response to economic and demographic shifts. The combination of increased inventory and a more balanced buyer-seller dynamic could alleviate some of the pricing pressures experienced in recent years. According to Nevada Real Estate Group, ongoing stabilization will likely attract a broader range of buyers, including those seeking long-term investments in one of the nation's most resilient markets. This trend highlights Las Vegas's potential to remain an attractive destination for cross-border property investors.