04/08/2026
Las Vegas Metro Housing Update
April 7, 2026
Inventory is rising.
Demand is easing.
Market time is expanding.
That shift is real.
Inventory
Active listings increased by 239 homes, now at 9,324.
That is 13 percent higher than last year and 48 percent higher than two years ago.
Seller activity is picking up.
Demand
Pending sales dropped by 293 over the past two weeks, down 11 percent.
Current pending sales are at 2,410, below both last year and prior years.
Buyers are still active, just more selective.
Market Time
Expected market time increased to 116 days.
Last year it was 93 days.
Two years ago, just 51 days.
Homes are taking longer to sell.
Luxury Market
Higher price points are slowing the most.
750K to 1M at 171 days
1M to 1.5M at 174 days
1.5M to 3M at 293 days
Over 3M at 338 days
Strategy matters more than ever in this segment.
High Rise
Inventory declined slightly, but demand dropped faster.
Market time increased to 357 days.
More competition for sellers.
Distressed Properties
Still minimal at 1.7 percent of all listings.
99.2 percent of sellers have equity.
The market remains fundamentally strong.
Closed Sales
2,076 closings in February.
Down 8 percent year over year.
Up 13 percent from January.
Sales to list price ratio at 98.8 percent.
Bottom Line
This is not a crash.
This is a shift.
More inventory
Less urgency
Longer timelines
If you are buying, selling, or have a referral in the Las Vegas Metro, let’s connect and put a clear plan in place.
www.HouseShopper.net
