“November showed signs of a settling market, with double digit drops in new listings, pending sales, and closed sales vs October, while pending sales were up slightly year-over-year. This is the first time in a while that we have seen dramatic differences like these, so it remains to be seen whether this is a sign of a new level of activity for the market. We typically see some slowing in the market as we head into the winter months, so this is not totally unexpected.
As we head into the final month of 2025, uncertainty is the name of the game. The market is sending mixed signals – we’re seeing decline in activity stats like new listings and closed sales, but increases in median sales price and price per square foot when we look year over year. Clark County is still a growing destination market, and that’s reflected in the continued strong demand for housing for new and existing residents. Buyers and sellers will be keeping an eye on what interest rates do, and the state of the national economy as they decide about their next move, and whether or not it might be time to shed the ‘lock in’ effect.”
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 to download it.
