Here’s what CCAR President Amy Wells had to say about the July market:
“July’s numbers for Clark County largely mirror what we’re seeing in nationwide data from NAR and other sources: The real estate market is robust, but shifting. Locally, we’re seeing a steady but slow increase in inventory on the market with July posting the highest months supply of inventory that we have seen since November, 2023. This increase in inventory, combined with sticky high interest rates and uncertainty about the economy, is tempering some of the key market indicators that we keep an eye on. Buyers may welcome this shift, as it gives them a bit more negotiating power and choice, while sellers should be keenly attuned to market conditions – and the condition and curb appeal of their property – when it comes to pricing a listing and evaluating offers.
Overall, 2025 is slightly ahead of 2024 through seven months, with modest increases in new listings and closed sales, and a slight (1.2%) downward tick in pending sales through the end of July.
With evolving conditions like what we’re seeing now, it’s important that both REALTORS® and consumers are staying up-to-date on the latest market news so REALTORS® can give sound advice, and clients can make clear-headed decisions.”
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.
