Here’s what CCAR President Amy Wells had to say about the August market:
“As we close out the summer market in Clark County, we are seeing a gradual shift towards a more balanced market that’s moving at a slower pace than we have become accustomed to over the last five years or so. New listings are increasing year over year when we compare August 2025 to August 2024, and a 3.3% increase in new listings when we compare the first eight months of this year to last year.
One of the big things to note from this past month is the increase in market time to 62 days, an increase of 13 days over July. It’s important to have realistic expectations when you’re entering the market as a buyer or seller: it’s definitely not 2021 out there any more. Sixty two days, or just over two months, is still a very quick moving market in historic context, but it is a significant shift from the lightning-fast market of the post-COVID years.
Having sound advice when you’re working on one of the biggest transactions your life is so incredibly important. If you’re thinking about dipping your toe in the market, having a professional REALTOR® by your side is one of the best things you can do.”
As part of your CCAR and RMLS memberships you receive access to monthly market action reports from RMLS. CCAR condenses these market reports down into sharable graphics that you are encouraged to download and share with your clients, or share on your social media accounts.
Simply click an image in the email to download it.
