"Price reductions swept through 39.7% of Las Vegas-Paradise metro's single-family home listings during the week ending Nov. 7, 2025, marking a pronounced shift in seller behavior as the market settles into neutral conditions. The metro's 3.4 months of inventory supply now exceeds the national average of 2.9 months, creating more negotiating room for buyers who have watched the desert market's rapid appreciation in recent years."
"Despite the price cuts, buyer activity remains healthy, with 595 homes absorbed during the week compared to 398 new listings entering the market, maintaining positive net absorption even as sellers recalibrate expectations. The 39.7% price reduction rate towers above typical market norms, while only 1.8% of listings increased prices during the same period. Sellers who cut prices reduced asking amounts by a median percentage that reflects growing urgency to attract offers."
Price reductions affected 39.7% of Las Vegas-Paradise single-family listings during the week ending Nov. 7, 2025, shifting the market toward neutral conditions. Inventory measures 3.4 months of supply, above the national average of 2.9 months, with 7,337 active single-family listings. Median list price is $549,000, $10,000 below Nevada's median. Weekly absorption totaled 595 homes versus 398 new listings, producing positive net absorption. Median time on market is 77 days. Sellers reduced asking prices by a median percentage, 17.2% of inventory are relisted properties, and price per square foot is $270.9.
Read at www.housingwire.com
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