01/05/2026
Las Vegas Housing Market Update | January 5, 2026
Here’s a snapshot of what’s happening in the Las Vegas residential market as we kick off the new year:
The market is seeing a clear post-holiday rebound. New listings nearly doubled week over week, and homes going under contract increased by just over 8%, which is very typical for early January as buyers and sellers re-enter the market.
We’re also seeing more homes come back on the market, signaling tighter underwriting, appraisal sensitivity, and the importance of being well-prepared with pricing, condition, and repairs. On the positive side, closed sales jumped nearly 44%, largely reflecting late-December contracts finally recording.
Mortgage rates eased slightly to an average of 6.15%, offering a small but helpful improvement for buyers running payment scenarios. Pricing remains steady to firm, with the month-to-date median single-family home price at $470,000, still comfortably within the recent $465,000–$485,000 range.
Whether you’re thinking about buying, selling, or just staying informed, understanding these trends is key to making smart real estate decisions in today’s market. If you’d like to talk strategy or what this means for your specific situation, I’m always here to help!
Kelly Vanderpool
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