June 2025 Market Update: The Summer Heat Is Here – and So Is the Real Estate Activity!

by Ken And Susan Rosengren

🌟 June Market Update: The Summer Heat Is Here – and So Is the Real Estate Activity!

The real estate market is heating up, and June didn’t disappoint! Whether you’re buying, selling, or just keeping a close eye on trends, this month’s numbers offer some great insight into where things are headed in Clark County and the surrounding areas.

📈 New Listings on the Rise

In June 2025, 907 new listings hit the market – that’s an 8.5% increase from June 2024! While this is slightly down from the 986 new listings we saw in May, it’s encouraging to see more homes becoming available. More listings mean more opportunities for buyers, and competition among sellers remains strong.

🏠 Pending and Closed Sales Continue Climbing

Pending sales also saw a lift, rising 0.9% year-over-year to 658 accepted offers. Compared to May, that’s a 6.8% increase – showing that buyers are making moves even as summer kicks into gear.

Closed sales followed suit, increasing 4.7% from June 2024 and 8.4% from May 2025, totaling 579 homes sold. This continued growth reflects solid buyer confidence and strong demand.

⏳ Homes Are Selling Faster

One of the standout changes this month? Homes are spending less time on the market, with the average days on market dropping to 49 days. This means buyers are acting fast – and sellers are reaping the benefits.

📉 Inventory Remains Tight – But What Does That Mean?

Total inventory dropped to 3.3 months, but when we look at sellable inventory (excluding new construction that’s still in the build phase), we’re really sitting at just 2.6 months of available homes. To put it simply, there are not enough move-in-ready homes to meet buyer demand – which keeps the market competitive and prices stable.

💲 Prices Are Up Year-Over-Year

Let’s talk pricing. Comparing the first six months of 2025 to the same period in 2024:

The average sale price rose from $595,700 to $622,200 — a 4.4% increase
The median sale price increased from $529,700 to $549,900 — a 3.8% increase

This steady appreciation continues to make real estate one of the most powerful ways to build wealth over time.

💡 Price Bracket Breakdown

Here's a look at where most buyers are shopping:

44% of homes sold in June were priced between $400,000 and $600,000
Just 5.6% of homes sold were priced over $1,000,000

This shows that mid-range homes remain the sweet spot for buyers, while luxury inventory is moving more slowly.

💬 What This Means for You

If you're a seller – Now is a fantastic time to list. With homes selling faster and a tight inventory, well-priced homes are moving quickly and for top dollar.
If you're a buyer – Don’t wait. The combination of rising prices and competitive offers means acting sooner could save you money and open more opportunities.

The summer market is in full swing, and whether you're planning to make a move now or just gathering info, we’re here to help you make the most of it.

Let’s talk strategy – your goals are our goals.
Reach out today and let’s map out your next move.