Market Intelligence Report — NM-780

Las Vegas, NM

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-NM-05
As of the latest 2026 data
Cooling

Median Listing

$400K
-4.8% YoY

Pending Ratio

0.27
-8.3% YoY

Active Inventory

81
+30.6% YoY

Median DOM

60 Days
-22.6% YoY

Primary Intelligence Tool — Sold Score™

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The Las Vegas, NM market is currently cooling, characterized by a pending ratio of 0.27. This indicates that demand absorption is moderate relative to available supply, with fewer properties entering into contract compared to the total active listings.

Market Analysis

What's moving the Las Vegas market right now.

Active listings have increased significantly by 30.6% year-over-year, alongside a 40.0% rise in new listings, contributing to expanded inventory. Concurrently, the median listing price has declined by 4.8% year-over-year, suggesting pricing adjustments in response to market dynamics. While the median days on market decreased by 22.6% year-over-year, the pending ratio experienced an 8.3% year-over-year decline, indicating moderated demand.

Julie Youngblood
Julie Youngblood
Keller Williams Realty

Local pricing and inventory dynamics across Las Vegas shift block by block — happy to walk through what's actually closing.

Historical Analysis

Market Trends

Median Price

$400K-4.8% MoM

Active Inventory

81+30.6% YoY

Days on Market

60-22.6% YoY

Sold Score™

26-8.3% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

26
Jun 23May 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Jun 23May 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Jun 23Jan 24Aug 24Mar 25Oct 25May 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

In this cooling market environment, inventory expansion may afford purchasers increased selection and negotiating space. The decline in the pending ratio suggests a slower pace of transactions, reducing immediate pressure on buyers to act swiftly. Price discipline may become more pronounced as supply levels accommodate demand over longer absorption periods.

Luxury Segment

The average listing price increased by 24.1% year-over-year to $742,869, while the median listing price decreased by 4.8% year-over-year to $400,000. No distinct luxury-segment signal in this dataset.

Supply Dynamics

81 active listings represent the current floor, with new supply arriving at roughly 28 per month.

Pricing Pressure
9.1%

of active listings carry a price reduction, -4.2% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +6.9% year-over-year.

Absorption
0.27

Pending-to-active ratio — Cooling.

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Metro Demographics

Metro Area
Las Vegas, NM
CBSA Code
29780
State
NM

ZIPs in Las Vegas, NM

Sorted by active inventory · click a ZIP for its full report

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