Las Vegas Real Estate Predictions 2025- What You NEED To Know Now

In this video, I answer the questions on everyone’s minds for what to expect in housing this year 2025. 1st, what other economists and so-called “experts” have predicted, a review of 2024, then why I've been right over the last 3 years- a time when we could see articles daily about an impending price crash, and the reasons behind why my analysis is right, while most others have been way off. Let’s look at some current stats. In Las Vegas, Single-family homes had a median price of $480,000, up 6.7% from last year, and Condos + townhomes reached a record median price of $315,000. The number of distressed sales remains near historically low levels. Las Vegas Realtors reported that short sales and foreclosures combined accounted for 0.9% of all existing local property sales in November 2024…compared to 2.0% 5 years ago.
Now, you’ll see frightening headlines like this one- “Home-Purchase Demand Destruction Accelerates, Prices Too High, Buyers’ Strike Deepens: Sales of Existing Homes Head for Worst Year since 1995”. And, yes, Dig a little deeper and you'll see that the number of home sales today are about what they were in 1995 or during the Global Recession of 2008, yet our population has grown.
HousingWire and Altos Research have compiled a comprehensive forecast for the 2025 housing market. The pair project 4.2 million in existing home sales in 2025, and foresee home-price appreciation of 3.5%, home-price growth is at the higher end among the 13 examined, which averaged 2.6% growth. Zillow forecasts 2.6 percent home value growth in 2025.
The current median house price in the U.S. is $359K, having risen by 2.6 percent in the year to October 2024, according to Zillow. U.S. home prices will continue to tick up next year, according to Bank of America’s forecast.
You’ll see articles stating that “America's housing market is hurting” which is just BS. However, there is agreement on one major stumbling block: the lack of inventory. Prospective homeowners hoping for that crisis to ease just got a gut punch with the release of a survey showing that half of American homeowners aged 56 and older plan to age in place.
Additionally, many cities and suburbs have adopted an anti-density, anti development mindset that makes new construction an even greater challenge than in the past.

If you believe that home prices are going to crash in 2025, or even correct down, you just don’t understand the signals that I've been sharing for the past 3 years. You can go back and watch my videos from 2022, 2023, and 2024. I can state with confidence that home prices will increase 6-10% this year. Here are the 6 fundamental reasons…
1. Interest rates… homeowners are not going to sell their home with a mortgage rate of 3-4% rate to buy at a 6-7% rate. More than half of all mortgages outstanding have an interest rate below 4%.
2.There are less foreclosures now than anytime in the last 25 years, and record low delinquency rates.
3. Institutional investors have bought millions of homes across the country, and estimated over 100,000 here in Las Vegas. Those homes are off the market forever, now rental backed securities.
They have been strategically buying portfolios and jumped into the Build to Rent space, with plans to develop rental homes nationwide.
4. There have been Less homes built in 2010’s than any decade since the 60's, while the population has increased. And, even less housing starts in 2020’s since pandemic.
5. The Cost to build is higher than ever, which is a function of material and labor. Materials include concrete, steel, and lumber. Costs are 38% higher than pre-pandemic. Plus development regulatory costs are higher than ever.
6. Homeowners are richer and in better financial shape than ever when it comes to the biggest asset for most people. Mortgage debt is the lowest in 25 years. 40% of US homes don’t have a mortgage.
For the truth in real estate, call me. I’m in the business day in and day out.
References-
https://www.newsweek.com/will-house-prices-fall-2025-zillow-housing-market-forecast-1991678
https://wolfstreet.com/2024/10/16/home-purchase-demand-destruction-accelerates-prices-too-high-buyers-strike-deepens-sales-of-existing-homes-head-for-worst-year-since-1995/
https://www.housingwire.com/articles/2025-housing-market-forecast/
https://www.fastcompany.com/91247762/housing-market-bank-of-america-2025-home-price-forecast
https://finance.yahoo.com/news/gut-punch-housing-market-survey-
https://www.8newsnow.com/news/local-news/after-condo-spike-las-vegas-single-family-home-prices-on-verge-of-all-time-record/
https://www.youtube.com/watch?v=m1vHXDbovV4
https://wolfstreet.com/2024/11/26/inventory-of-new-single-family-houses-jumps-to-highest-since-2007-unsold-spec-houses-to-highest-since-2009-as-sales-suddenly-plunge/
https://finance.yahoo.com/news/wall-street-pours-billions-build-183041607
https://www.reviewjournal.com/business/housing/investors-have-bought-131k-homes-in-las-vegas-valley-since-2000-3226144/