The Perfect Time Is Now!
The Las Vegas Valley is Now a Buyers’ Advantage Market!
1.) Lowering Interest Rates
Mortgage rates have finally begun to cool, offering some relief to homebuyers across Clark County. The average U.S. 30-year fixed mortgage rate is now at 6.58%, the lowest level since October 2024. While still elevated compared to pre-2022 levels, this marks an encouraging shift from earlier this year, when rates peaked above 7%. With the Federal Reserve expected to begin cutting rates as early as September, buyer confidence is improving.
Key Points:
- Average 30-year fixed rate: 6.58% (lowest since October 2024)
- Down from recent highs above 7%
- Fed expected to begin rate cuts in September 2025
- Creates optimism for continued improvement in affordability
2.) Increasing Inventory
Inventory across Las Vegas and Clark County is rising rapidly, giving buyers significantly more choices than in recent years. Single-family home listings are up 54% year-over-year, while condo listings have increased 77%. With approximately 3.6 months of supply, the market has shifted from a seller’s market to one that now favors buyers, offering more flexibility and room to negotiate.
Key Points:
- Single-family listings up 54% year-over-year
- Condo listings up 77%
- 3.6 months of supply in the market
- Market is balanced, leaning in favor of buyers
3.) A Market Leaning Towards Buyers
Homes in Clark County are taking longer to sell than in recent years, with a current median of 54 days on market. This is a sign of cooling competition, allowing buyers more time to evaluate options and negotiate favorable terms. Unlike the fast-paced frenzy of previous years, today’s environment gives buyers breathing room.
Key Points:
- Median 54 days on market
- Homes no longer selling within days
- More time for buyers to make informed decisions
- Greater flexibility in offers and negotiations
4.) Why Buyers Should Act Now, Not Wait
While rates remain above pandemic lows, this is the most affordable market we’ve seen in over a year. Waiting for further rate drops could mean missing out on today’s abundant inventory and buyer-friendly conditions. As demand builds and rates fall, competition is likely to return—pushing prices and pressure higher again.
Key Points:
- Current rates are lowest of 2025 so far
- Inventory is high, but may tighten as demand returns
- Delistings are rising—buyers who wait may face fewer options
- Buyers have strong negotiating power today
- Local market fundamentals remain strong and stable
Clark County buyers are in a rare position of strength. With improving rates, rising inventory, and softer market conditions, now is the time to make a move. Acting today could lead to better value, more choices, and stronger terms than waiting for uncertain future rate cuts that may arrive alongside renewed competition.
Dulcie Crawford is a native Nevadan, born and raised in Las Vegas. Dulcie is a Community Expert & stays current with updates on market trends & market conditions. A senior Realtor with Signature Real Estate Group, she has sold over 1,300 homes since 1998. You are assured an exceptional experience when buying or selling Real Estate with The Dulcie Crawford Group.
