LAS VEGAS REAL ESTATE MARKET FORECAST: SECOND HALF OF 2025

Las Vegas Real Estate Market Forecast: Second Half of 2025

The Las Vegas housing market is always evolving—and 2025 is no different. With the year halfway over, it’s time to take a fresh look at what’s happening and what might be ahead for buyers, sellers, and real estate professionals.

A Quick Look at Home Price Forecasts

While 2024 saw steady gains, experts are now expecting home price growth to cool slightly in the second half of 2025.

Highlights:

• Fannie Mae leads with a projected 4.1% increase.
• Zillow stands out with a rare negative forecast at -1.9%.
• The average across all sources? A 2.3% rise in home prices.

Even as growth moderates, the market remains healthy. Las Vegas continues to benefit from population growth, job creation, and favorable tax policies that attract out-of-state buyers.

What’s Driving the Market?

Several key factors are shaping buyer and seller behavior:

Buyers:

• Shifting focus to energy-efficient and tech-enabled homes.
• Flocking to suburban neighborhoods for more space and amenities.
• Motivated by first-time homebuyer programs and long-term investment goals.

Sellers:

• Enjoying high demand and low competition—especially when homes are staged and priced right.
• Seeing homes sell quickly—often within days and sometimes above asking price.

Mortgage Rates: Good News Ahead?

Interest rates remain one of the most watched elements in real estate—and forecasts are pointing to a slight decrease by year-end.

Projected Year-End Averages:

• MBA sees 6.7%
• Fannie Mae: 6.2%
• Wells Fargo is the most optimistic at 6.0%
• The average across all 5 forecasters: 6.39%

This small drop could reignite buyer activity, especially among those who’ve been waiting for better financing conditions.

What to Expect Moving Forward

The second half of 2025 looks balanced. Here’s what we’re watching:

• Gradual home appreciation that’s more sustainable
• Inventory creeping up, offering more choice for buyers
• Sellers maintaining strong positioning, especially in desirable neighborhoods

Final Thoughts

Las Vegas remains a market with long-term opportunity and short-term confidence. Whether you're thinking about buying, selling, or just keeping an eye on trends, now’s the time to stay informed.

Thinking about making a move? Let's chat about how these forecasts impact your next step in Las Vegas real estate.  Please CLICK HERE contact me.