How competitive is the Las Vegas housing market?

Las Vegas is soft for sellers as of July 2026, with a Sold Score of 25/100 (Difficult Selling Environment). **Pending ratio** is 0.24 (contracts vs. active inventory) — anything above 0.40 is healthy demand, below 0.20 is slow. **Inventory change YoY** is +38.6% — more choices for buyers than a year ago. **Median days on market** is 61. Faster than 30 days means buyers are deciding quickly. **Price-reduction share** is 16.5% of active listings — above 25% signals sellers are widely overshooting list price. — Live indicators (July 2026): Sold Score: 25/100 (Difficult Selling Environment) · Pending ratio: 0.24 · Inventory YoY: +38.6% · Median days on market: 61 · Sellers cutting price: 16.5% · Median listing price: $396,500 (-16.3% YoY)