LAS VEGAS ( FOX5 ) — Las Vegas’s housing market is among the slowest in the country, according to a recent report.
According to a report from the real estate website Redfin, Las Vegas is the fastest-cooling U.S. housing market. The data comes from an analysis of the 50 most populous U.S. metropolitan areas.
The data show home sales are down 10.2% compared with the same period in 2024. At the same time, inventory has increased by 44.8%, the report said. While prices haven’t changed, a typical home reportedly sells for 4% less than its list price.
The report said homes are selling 15 days slower than at the same time last year, coming in at 51 days on average. That’s slower than the U.S. average of 40 days.
“Buyers have more inventory to choose from than they’ve had in years, so they