
Introduction: The Las Vegas Housing Market Is Opening Doors
The Las Vegas housing market is entering a pivotal phase as we close out 2025 and head into early 2026. Buyers, renters, and investors are finding themselves in a market that’s cooler than it’s been in years — and that’s creating real opportunity.
Prices have pulled back. Inventory is up. Sellers are more flexible. And rental concessions are returning. If you’ve been waiting for the right time to make a move in Las Vegas or Henderson, this could be it.
Whether you’re shopping for a home, securing short-term housing, or planning a relocation, this market moment may reward bold — and well-timed action.
1. Las Vegas Housing Market Recap: Where We Stand at the End of 2025
Let’s talk numbers. As of late Q4 2025, the Las Vegas housing market has cooled significantly compared to its pandemic-era highs — but that doesn’t mean it’s struggling. It means it’s adjusting.
Sales Snapshot:
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Henderson median home price: ~$465,000 (down ~2.9% YoY)
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Las Vegas Valley median home price: ~$480,000
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Inventory: Highest since 2021, with longer days on market
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Sellers: More willing to negotiate, offering rate buydowns and repairs
Market Character:
Buyers are gaining ground. For nearly three years, Las Vegas was a frenzy — bidding wars, waived contingencies, cash-only offers. That heat has simmered. Now, serious buyers can take their time, choose carefully, and negotiate from a position of strength.
But be warned: this moment may be brief.
Mortgage rates have stabilized, and new job growth is already showing signs of reactivating buyer demand. Early 2026 could mark the return of competition — and the deals available in December might vanish by spring.
2. Rental Market Shifts in the Las Vegas Housing Market
Renters have also felt the shift. After steep increases in 2021 and 2022, the Las Vegas housing market has seen flat-to-slightly-declining rents — particularly in Class A and newer apartment communities.
Current Rental Metrics:
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Average 2-bedroom rent: ~$1,850
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Vacancy rate (multifamily): ~5.4%
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Rent growth: Flat YoY or declining slightly in luxury segments
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Concessions: 1–2 months free rent, reduced deposits, flexible lease terms
This is great news for:
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Corporate renters
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Travel nurses and contractors
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Relocating families
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People in between buying and selling
At 702 Housing, we offer fully furnished, all-inclusive, short-term housing that’s ideal for those looking to relocate without committing to long-term leases during an uncertain time.
We’re seeing more options available than we’ve seen in years — but just like in sales, this window may be short-lived.
3. Las Vegas Housing Market Cycles: Why Timing Pays Off
Las Vegas is known for many things — entertainment, sports, food, and now Formula 1. But real estate insiders know it for something else: predictable cycles and big swings.
Why Las Vegas Moves Fast:
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Highly responsive to economic trends (especially tourism)
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Large investor and out-of-state buyer base
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No state income tax = strong relocation appeal
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Lower barrier to entry than California or Arizona
What this means is simple: Las Vegas tends to cool first and rebound early.
For example:
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Post-2008 crash, Las Vegas was one of the first cities to bottom out — and among the fastest to recover upwards from the bottom.
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During COVID, it surged ahead of the national average in price growth.
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Now, it’s corrected — while many national markets are still adjusting.
If you buy or lease during the slowdown, you’re likely to capture the momentum as the market turns.
4. Seasonal Trends in the Las Vegas Housing Market: Holiday Deals & Timing
Beyond economic cycles, the Las Vegas housing market follows consistent seasonal trends — and right now, we’re in one of the most advantageous periods of the year.
The Annual Housing Cycle:
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Summer (July–August): Extreme heat slows activity. Fewer showings, less urgency.
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Fall (September–November): Modest pickup, but activity tapers before Thanksgiving.
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Holiday Season (Late November–December): Market slows dramatically. Sellers get motivated.
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New Year to Spring (January–April): Buyer and renter activity surges. Inventory moves fast.
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Spring to Early Summer (May–June): Peak pricing and competitive offers return.
Many of our clients at 702 Housing — both investors and renters — know that December and January are deal seasons. Less competition, more flexibility, and greater motivation from landlords and sellers create unique leverage.
This behavior doesn’t disappear during broader cycles — if anything, it becomes more pronounced during slower years like 2025.
5. What’s Slowing in the Las Vegas Real Estate Market?
No market update is complete without a look at what’s cooling things down.
In 2025, several factors contributed to the slowdown in both home sales and rentals:
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Tourism slowdown: Visitor numbers and convention traffic have declined from 2024
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Hospitality hiring freeze: Job growth in hotels and service industries has softened
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Higher mortgage rates: Although stabilizing, affordability remains a concern
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General uncertainty: Many buyers and renters are simply in “wait-and-see” mode
This softening has provided room for negotiation — but it’s not expected to last long. Why? Because a new wave of economic activity is already in motion.
6. What’s Fueling the Next Boom in the Las Vegas Housing Market?
Despite temporary headwinds, the future of the Las Vegas housing market looks strong thanks to deeper economic changes.
Growth Drivers Heading into 2026:
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Technology expansion: AI, cloud infrastructure, and clean energy employers are expanding
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Corporate relocations: California companies continue to move operations to Nevada
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Sports and entertainment: New stadiums and sport teams, Formula 1 events, and The Sphere boost tourism
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Infrastructure upgrades: Major road, rail, and airport projects are underway
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Population growth: In-migration from California, Arizona, and Texas remains steady
These trends are already shifting housing demand toward:
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Master-planned communities in Henderson and North Las Vegas
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Long-term rentals in areas near new business centers
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Short-term corporate housing (a specialty of 702 Housing)
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Entry-level housing for relocated workers
This isn’t a one-off growth cycle — it’s a redefinition of Las Vegas as a diversified economic hub.
7. 702 Housing: Your Short-Term Solution in a Shifting Market
At 702 Housing, we provide flexible, furnished rental solutions designed to meet the needs of today’s professionals, families, and relocating individuals.
We specialize in 30-day minimum stays for:
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Corporate clients
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Business travelers
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Relocating employees
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Travel nurses and medical staff
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Insurance and displacement housing
What We Offer:
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Furnished 1-, 2-, and 3-bedroom apartments and condos
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Prime locations throughout Las Vegas and Henderson
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All utilities included + high-speed Wi-Fi and streaming services
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Pet-friendly options available
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Month-to-month flexibility
When the market is shifting, flexibility is key. Our rentals help clients transition smoothly — whether you’re buying, selling, or just feeling out the area.
Explore available units here: 702Housing.com/Availability





